Key Developments: Macy's Inc (M)

M on New York Consolidated

18 Dec 2014
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$1.31 (+2.09%)
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Latest Key Developments (Source: Significant Developments)

Macy's Inc declares quarterly dividend of $0.25 cents
Friday, 28 Feb 2014 01:52pm EST 

Macy's Inc:Declared a regular quarterly dividend of $0.25 cents per share.Payable on April 1, to shareholders of record at the close of business on March 14.  Full Article

Macy's Inc reaffirms FY 2014 earnings guidance - Conference Call
Tuesday, 25 Feb 2014 08:00am EST 

Macy's Inc:Reiterating its FY 2014 sales and earning guidance, initially provided on Jan. 8, 2014.Sees FY 2014 comparable sales growth in the range of 2.5 pct to 3 pct.Sees FY 2014 earnings of $4.40 to $4.50 per share.  Full Article

Macy's Inc to cut 2,500 jobs - Reuters
Wednesday, 8 Jan 2014 04:38pm EST 

Macy's Inc:Announced a new cost cutting plan that will save the retailer about $100 million annually - Reuters.Says restructuring plan will include about 2,500 job cuts, the relocation of some stores and combining the company's Midwest region with its North region, reducing the number of regions to seven from eight.  Full Article

Macy's Inc narrows FY 2013 comparable sales guidance; reaffirms FY 2013 EPS guidance; gives FY 2014 EPS guidance above analysts' estimates; gives FY 2014 comparable sales guidance
Wednesday, 8 Jan 2014 04:00pm EST 

Macy's Inc:Says it is narrowing the range of its guidance for comparable sales growth in the H2 2013 to a range of 2.8 percent to 2.9 percent (from previous guidance of up between 2.5 percent and 4 percent).Says it is maintaining its FY 2013 earnings guidance (reiterated on Nov. 13) in the range of $3.80 to $3.90 per diluted share.Says FY 2014 comparable sales to increase in the range of 2.5 percent to 3 percent compared with FY 2013 levels.Says FY 2014 earnings per share in the range of $4.40 to $4.50.FY 2013 EPS of $3.87 - Thomson Reuters I/B/E/S.FY 2014 EPS of $4.32 - Thomson Reuters I/B/E/S.  Full Article

Martha Stewart Living Omnimedia Inc And Macy Inc's settle legal dispute
Thursday, 2 Jan 2014 08:00am EST 

Martha Stewart Living Omnimedia Inc and Macy's Inc:Says that they have resolved their legal dispute.Says terms of settlement are confidential, will not be disclosed, and are not deemed to be material to MSLO.  Full Article

Macy's Inc Reaffirms H2, FY 2013 Comparable Sale Store Guidance; Reaffirms FY 2013 EPS Guidance
Wednesday, 13 Nov 2013 08:00am EST 

Macy's Inc reaffirmed its fiscal 2013 guidance provided in August 2013. Comparable sales are expected to increase in the range of 2.5% to 4% in the second half of 2013, and in the range of 2% to 2.9% for fiscal 2013. Earnings for fiscal 2013 are expected in the range of $3.80 to $3.90 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $3.78 for fiscal 2013.  Full Article

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


U.S. third-quarter growth likely to be revised higher on services data

WASHINGTON - U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.

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