Macy’s (NYSE: M) reported first-quarter 2021 financial results before the regular market hours on Tuesday. The department store chain reported Q1 revenue of $4.71 billion, up 56% year-over-year and above the Wall Street projection. Meanwhile, the company reported net earnings of $0.39 per share, even as the street was expecting a loss.
M shares rose 4.9% immediately following the announcement. The stock has risen 71% since the beginning of this year.
CEO Jeff Gennette said, “With a healthier economy and the reopening of communities as the backdrop to the execution of our Polaris strategy, we are well positioned to deliver sustainable, profitable growth in 2021 and the years beyond.”
Prior performance
Most Popular
PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates
Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core
AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results
American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's