Key Developments: Macy's Inc (M.N)

M.N on New York Stock Exchange

57.46USD
25 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Macy's Inc Declares Quarterly Dividend
Friday, 25 Oct 2013 10:04am EDT 

Macy's, Inc announced that it has declared a regular quarterly dividend of USD0.25 per share on Macy's common stock, payable January 2, 2014, to shareholders of record at the close of business on December 13, 2013.  Full Article

Macy's Inc Prices $400.0 Million Of 10-Year Senior Notes
Tuesday, 3 Sep 2013 04:30pm EDT 

Macy's Inc announced the pricing of the public offering of $400.0 million aggregate principal amount of senior notes due 2023 by its wholly owned subsidiary, Macy`s Retail Holdings, Inc. The senior notes were issued at a price of 99.314% of par and will bear interest at a rate of 4.375% per annum. The senior notes will be fully and unconditionally guaranteed on a senior unsecured basis by Macy`s, Inc. The transaction is expected to close on or about September 6, 2013. Macy`s Retail Holdings will use the net proceeds for general corporate purposes, which may include working capital, capital expenditures, retirement of indebtedness and repurchasing outstanding common stock of Macy`s, Inc.  Full Article

Macy's Inc Lowers FY 2013 EPS Guidance-Conference Call
Wednesday, 14 Aug 2013 10:30am EDT 

Macy's Inc announced that it is lowering its earnings per share (EPS) guidance to $3.80 to $3.90 for fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report ESP of $3.91 for fiscal 2013.  Full Article

Macy's Inc And Other Retailers Sue Visa Inc, MasterCard Inc Over Card Fees-Reuters
Thursday, 23 May 2013 01:27pm EDT 

Reuters reported that Macy's Inc and Target Corp sued Visa Inc. and MasterCard Inc, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions. The lawsuit, filed in U.S. District Court in Manhattan, came ahead of a May 28 deadline for the millions of merchants affected by the settlement to decide whether to forego receiving damages under the pact and pursue their own legal action. Representatives of Visa and MasterCard had no immediate comment on the new lawsuit. Also named as plaintiffs in the lawsuit are J C Penney Company Inc, Kohl's Corp and TJX Companies Inc. The lawsuit seeks compensatory and triple damages, as well as other remedies.  Full Article

Macy's Inc Reaffirms FY 2013 EPS Guidance
Wednesday, 15 May 2013 08:00am EDT 

Macy's Inc announced that for fiscal 2013, it expects EPS guidance of $3.90 to $3.95. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.92 for fiscal 2013.  Full Article

Macy's Inc Declares Quarterly Dividend
Wednesday, 15 May 2013 08:00am EDT 

Macy's Inc announced that the board of directors has authorized an increase in the quarterly dividend on Macy's common stock to 25 cents per share from the current 20 cents per share. The new dividend will be payable July 1, 2013, to shareholders of record at the close of business on June 14, 2013.  Full Article

Macy's Inc Issues FY 2013 EPS Guidance Above Analysts' Estiamtes-Conference Call
Tuesday, 26 Feb 2013 10:30am EST 

Macy's Inc announced that for fiscal 2013, it expects EPS guidance of $3.90 to $3.95. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.81 for fiscal 2013.  Full Article

Macy's Inc Declares Quarterly Dividend
Friday, 22 Feb 2013 12:32pm EST 

Macy's Inc announced that it has declared a regular quarterly dividend of 20 cents per share on Macy's common stock, payable April 1, 2013, to shareholders of record at the close of business on March 15, 2013.  Full Article

Macy's Inc Raises Q4 2012 EPS Guidance
Thursday, 7 Feb 2013 08:00am EST 

Macy's Inc announced that given its strong January performance, the Company is raising fourth quarter 2012 earnings guidance to the level previously provided in November 2012. Earnings per diluted share for the fourth quarter of 2012 is now expected in the range of $1.94 to $1.99, excluding costs associated with the previously announced debt tender offer and store closings. This compares with earnings guidance provided on January 3, 2013 for fourth quarter earnings in the range of $1.91 to $1.96 per diluted share, excluding those costs. Including the 22 cents per diluted share for costs associated with the debt tender offer and store closings, earnings per diluted share for the fourth quarter of 2012 are now expected to be in the range of $1.72 to $1.77. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.96 for the fourth quarter of 2012.  Full Article

Macy's Inc Comments On Q4 2012 Same Store Sales Guidance; Lowers Q4 2012 EPS Guidance
Thursday, 3 Jan 2013 08:00am EST 

Macy's Inc updated fourth quarter 2012 guidance and expects earnings per diluted share (EPS) to be in the range of $1.91 to $1.96. This compares with previous earnings guidance in the range of $1.94 to $1.99 per diluted share, excluding those costs. For fourth quarter 2012, it expects same-store sales to increase by between 3% and 3.5%. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.98 for the fourth quarter of 2012.  Full Article

U.S. labor agency approves 'micro-unit' in Macy's bargaining case

WASHINGTON - The U.S. National Labor Relations Board (NLRB) said this week that 41 cosmetics and fragrances workers at a single Macy's department store can vote on whether to join a union.

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