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.
“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
Most Popular
What to look for when Hormel Foods (HRL) reports Q4 2023 earnings
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
Kroger set to report Q3 results. Here’s everything you need to know
The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer
Earnings Preview: Salesforce will likely deliver another strong quarter
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative
