Macy’s Q3 sales dip 2.4% as FY24 outlook is revised
US department store chain Macy's has recorded a 2.4% decline in net sales during the third quarter (Q3) of the fiscal year 2024 (FY24), recording $4.74bn compared to $4.86bn in the same quarter of the previous year.
Macy's offers a mixed outlook after reporting third quarter profit and sales declines
Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years
Macy’s third-quarter profit and sales slide and so does its shares
Macy’s profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert spending to basics like groceries as they deal with broadly higher prices.
Macy’s Reports Mixed Third Quarter Financial Results
Macy’s ( (M) ) has released its Q3 earnings. Here is a breakdown of the information Macy’s presented to its investors.Pick the best stocks and
Macy's Financial Woes Continue as Shares, Profit and Sales Slump
Macy's financial woes continue with the company reporting a notable dip in third-quarter profits and sales, reflecting a consumer trend toward prioritizing essentials like groceries over discretionary spending.
Macy's Q3 Earnings Miss Estimates, Comparable Sales Decline Y/Y
Macy’s, Inc. M reported third-quarter fiscal 2024 results, wherein the top line surpassed the Zacks Consensus Estimate but the bottom line lagged the same. Both revenues and earnings decreased from the year-ago quarter’s reported figures.
Investigation Reveals Loan Wolf Ex-Employee Costs Macy’s $151 Million
Department store chain Macy’s has been forced to slash its annual profit outlook after discovering that an employee concealed more than $150 million in delivery expenses.
Macy’s Pushed to Find Options for Bloomingdale’s and Bluemercury by Activist Investor
Barington Capital wants the storied retailer to spin off the two chains and get more value out of its real estate.
Macy’s tightens financial controls after employee covered up what became a $151 million mistake
Macy’s reported a decline in profits and sales for its third quarter with many customers of the department store chain ...
Macy's accelerates store closures this year
Macy's said its accelerating the number of stores it plans to close this year as it works to turn around the struggling ...
Activist investor group pushes Macy's to consider options for Bloomingdale's
Barington Capital and Thor Equities urged Macy's to create a real estate unit and consider options for its Bloomingdale's and ...
Macy's Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles
Macy's Q3 results reveal sales of $4.74 billion, a 2.4% decline in net sales, and guidance adjustments following an ...
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11 Best Bluemercury Gifts, Yours for The Wrapping
The best Bluemercury gifts are lifesavers for list-makers, twice-checkers, and beauty lovers alike. The has-it-all retailer ...
Here’s how a Macy’s employee hid more than $150M worth of expenses
Macy’s said it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses.