Categories AlphaGraphs, Earnings, Retail

Macy’s stock rises after Q2 earnings beat: Infographic

Macy’s (NYSE: M) reported second-quarter financial results before the opening bell on Wednesday. The department store chain reported a 36% decrease in Q2 revenues to $3.56 billion, beating Wall Street consensus. Adjusted loss per share of $0.81 per share was also narrower than what analysts had anticipated.

M shares rose 5% immediately following the announcement. The stock has declined 58% so far this year.

Macy's Q2 2020 earnings infographic.

Looking forward to listening to management/ analyst comments on Q2 results? Stay tuned here for Macy’s Q2 2020 earnings call transcript

“We are encouraged by our second-quarter performance; however, we continue to approach the back half of the year conservatively. Our immediate priority is successfully executing Holiday 2020,” CEO Jeff Gennette said in a statement.  

Prior performance

Also Read:  Kroger (KR) stock drops despite upbeat Q2 results and increased FY20 outlook

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