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Macy's Inc

M.N

Latest Trade

11.00USD

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Today's Range

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52 Week Range

4.38

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18.57

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Macy's Inc Sees 2020 Comp Sales For Owned + Licensed Down Low To Mid 20'S For The Fall Season

Nov 19 (Reuters) - Macy's Inc <M.N>::MACY'S INC - SEES 2020 COMP SALES FOR OWNED + LICENSED DOWN LOW TO MID 20'S FOR THE FALL SEASON.MACY'S INC -SEES ADJUSTED EBITDA IMPROVING SEQUENTIALLY IN Q4 FROM Q3.MACY'S INC - SEES 2020 ANNUAL DIGITAL SALES PENETRATION OF MID-40%.MACY'S INC - SEES 2020 CAPEX ABOUT $450 MILLION.MACY'S INC -SEES CREDIT CARD REVENUES, NET DOWN YEAR-OVER-YEAR IN Q4.MACY'S INC - SEES HIGH-TEENS DIGITAL SALES INCREASE IN THE FALL SEASON IN 2020.

Macy's, Inc. Reports Third Quarter 2020 Results

Nov 19 (Reuters) - Macy's Inc <M.N>::MACY’S, INC. REPORTS THIRD QUARTER 2020 RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.19.Q3 LOSS PER SHARE $0.29.Q3 EARNINGS PER SHARE ESTIMATE $-0.79 -- REFINITIV IBES DATA.QTRLY DIGITAL SALES GREW 27% OVER Q3 2019.QTRLY COMPARABLE SALES DOWN 21.0% ON AN OWNED BASIS AND DOWN 20.2% ON AN OWNED PLUS LICENSED BASIS.QTRLY SALES $3,990 MILLION VERSUS $5,173 MILLION.EXPANDED FULFILLMENT OPTIONS ALLOW CUSTOMERS TO SHOP SAFELY AND CONVENIENTLY, IN STORE OR ONLINE.Q3 REVENUE VIEW $3.86 BILLION -- REFINITIV IBES DATA.CONTINUE TO WATCH RESURGENCE OF COVID-19 AND ITS POTENTIAL IMPACT ON BUSINESS.

Macy's Announces Chief Financial Officer Transition

Oct 14 (Reuters) - Macy's Inc <M.N>::MACY’S, INC. ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION.MACY’S, INC. ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION.MACY'S INC - ADRIAN V. MITCHELL TO BECOME CHIEF FINANCIAL OFFICER EFFECTIVE NOVEMBER 2, 2020.MACY'S INC - FELICIA WILLIAMS, INTERIM CHIEF FINANCIAL OFFICER, TO JOIN CEO ACTION FOR RACIAL EQUITY AS A MACY'S, INC. FELLOW.

Macy's Q2 Adjusted Loss Per Share $0.81

Sept 2 (Reuters) - Macy's Inc <M.N>::MACY’S, INC. REPORTS SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.81.Q2 LOSS PER SHARE $1.39.Q2 EARNINGS PER SHARE ESTIMATE $-1.77 -- REFINITIV IBES DATA.QTRLY NET SALES $3,559 MILLION VERSUS $5,546 MILLION.QTRLY COMPARABLE SALES WERE DOWN 34.7% ON AN OWNED BASIS AND DOWN 35.1% ON AN OWNED PLUS LICENSED BASIS.QTRLY DIGITAL SALES REMAINED STRONG, GROWING 53% OVER Q2 2019.QTRLY GROSS MARGIN OF 23.6%, AN IMPROVEMENT OF APPROXIMATELY 650 BASIS POINTS FROM Q1 2020.QTRLY RESULTS INCLUDE PRE-TAX IMPACT OF NON-CASH GOODWILL AND LONG-LIVED ASSET IMPAIRMENT CHARGES OF $3.1 BILLION AND $80 MILLION, RESPECTIVELY.CONTINUE TO APPROACH BACK HALF OF YEAR CONSERVATIVELY.QTRLY INVENTORY WAS DOWN 29% FROM A YEAR AGO, ALLOWING COMPANY TO EXIT Q2 IN A CLEAN INVENTORY POSITION.NOT CURRENTLY PROVIDING AN UPDATED OUTLOOK.PLAN TO INVEST IN FASHION, DIGITAL AND OMNICHANNEL.FINISHED QUARTER WITH ABOUT $3 BILLION OF UNTAPPED CAPACITY IN NEW ASSET-BASED CREDIT FACILITY.FINISHED QUARTER WITH APPROXIMATELY $1.4 BILLION IN CASH.Q2 REVENUE VIEW $3.47 BILLION -- REFINITIV IBES DATA.

Macy's Expects Roughly 6 To 7 Percentage Points Of Comp Improvement in Q2

July 1 (Reuters) - Macy's Inc <M.N>::EXEC- PROJECTING A LOW TO MIX TEENS INCREASE IN FULL YEAR DIGITAL SALES- CONF CALL.EXEC- GROSS MARGIN RATE IN THE FALL SEASON ARE EXPECTED TO BE LOWER THAN FALL LAST YEAR BY MID SINGLE-DIGIT PERCENTAGE POINTS.EXEC- STORE COMPS ARE NOW RUNNING DOWN ABOUT 35%.EXEC- IN Q2, EXPECTS ROUGHLY 6 TO 7 PERCENTAGE POINTS OF COMP IMPROVEMENT OVER THE FIRST QUARTER.

Macy's Reports Q1 Loss Per Share $11.53

July 1 (Reuters) - Macy's Inc <M.N>::MACY’S, INC. REPORTS FIRST QUARTER 2020 RESULTS.Q1 ADJUSTED LOSS PER SHARE $2.03.Q1 LOSS PER SHARE $11.53.Q1 SALES $3.017 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.01 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $-2.34 -- REFINITIV IBES DATA.MACY'S -RECOGNIZED PRE-TAX, NON-CASH GOODWILL & LONG-LIVED ASSET IMPAIRMENT CHARGES OF $3.1 BILLION AND $80 MILLION, RESPECTIVELY, DURING 13 WEEKS ENDED MAY 2.DO NOT ANTICIPATE ANOTHER FULL SHUTDOWN, BUT WE ARE STAYING FLEXIBLE AND ARE PREPARED TO ADDRESS INCREASES IN CASES ON A REGIONAL LEVEL.IS NOT CURRENTLY PROVIDING AN UPDATED OUTLOOK.NEARLY ALL OF COMPANY'S STORES HAVE NOW REOPENED, INCLUDING STORES IN MAJOR METROPOLITAN REGIONS.STORES CONTINUED TO PERFORM AHEAD OF EXPECTATIONS THROUGH MAY AND JUNE.CONTINUES TO EXPECT A GRADUAL SALES RECOVERY.EXPECT THAT COVID-19 PANDEMIC WILL CONTINUE TO IMPACT COUNTRY FOR REMAINDER OF YEAR."CONFIDENT WE HAVE RIGHT STRATEGY AND PLANS IN PLACE TO NAVIGATE SHIFTING RETAIL LANDSCAPE".CONTINUE TO SEE CHALLENGES AHEAD.PRIMARILY AS A RESULT OF COVID-19 PANDEMIC, COMPANY'S LONG-TERM PROJECTIONS AND MARKET CAPITALIZATION CHANGED.ASSET SALE GAINS FOR Q1 OF 2020 TOTALED $16 MILLION PRE-TAX, OR $12 MILLION AFTER-TAX AND $0.04 PER DILUTED SHARE.

Macy’s Inc Announces Restructuring To Address Sales Impact From The Covid-19 Pandemic

June 25 (Reuters) - Macy's Inc <M.N>::MACY’S, INC. ANNOUNCES RESTRUCTURING TO ADDRESS SALES IMPACT FROM THE COVID-19 PANDEMIC.MACY'S INC - ELIMINATES APPROXIMATELY 3,900 CORPORATE AND MANAGEMENT ROLES AND IS COMMITTED TO MAINTAINING A LOWER COST BASE.MACY'S INC - ACTIONS ANNOUNCED TODAY ANTICIPATED TO CREATE APPROXIMATELY $630 MILLION PER YEAR IN SAVINGS.MACY'S INC - ANNOUNCED TODAY ANTICIPATED TO CREATE APPROXIMATELY $630 MILLION PER YEAR IN SAVINGS.MACY'S INC - MOST REMAINING FURLOUGHED COLLEAGUES RETURNING TO WORK BEGINNING JULY 5, 2020.MACY'S INC - MOST REMAINING FURLOUGHED COLLEAGUES RETURNING TO WORK BEGINNING JULY 5, 2020.MACY'S INC - EXPECTS ACTIONS ANNOUNCED TO GENERATE EXPENSE SAVINGS OF APPROXIMATELY $365 MILLION IN FISCAL 2020.MACY'S INC - FOR FISCAL 2020, EXPECTS PRE-TAX COSTS OF ABOUT $180 MILLION FOR THESE RESTRUCTURING ACTIVITIES.MACY'S INC - MAJORITY OF PRE-TAX COSTS WILL BE RECORDED IN Q2 AND ALL OF WHICH WILL BE IN CASH.MACY'S INC - ADDITIONALLY, HAS REDUCED STAFFING ACROSS STORES PORTFOLIO, SUPPLY CHAIN, CUSTOMER SUPPORT NETWORK.

Vesa Equity Investment Reports Stake Of 0.7% In Macy’S Inc As Of June 5 - SEC Filing

June 9 (Reuters) - Macy's Inc <M.N>::VESA EQUITY INVESTMENT REPORTS STAKE OF 0.7% IN MACY’S INC AS OF JUNE 5, 2020 VERSUS 5% AS OF MAY 1, 2020 - SEC FILING.

Macy's Raises Approximately $4.5 Bln In Financing

June 8 (Reuters) - Macy's Inc <M.N>::MACY’S, INC. RAISES APPROXIMATELY $4.5 BILLION IN FINANCING.MACY'S INC - CLOSES ON PREVIOUSLY ANNOUNCED $1.3 BILLION OF SENIOR SECURED NOTES.MACY'S INC - CLOSES ON NEW $3.15 BILLION ASSET-BASED CREDIT AGREEMENT.MACY'S INC - WITH CLOSING OF FINANCINGS, COMPANY EXPECTS TO HAVE SUFFICIENT LIQUIDITY TO ADDRESS NEEDS OF BUSINESS.MACY'S INC - AMENDED & SUBSTANTIALLY REDUCED CREDIT COMMITMENTS OF EXISTING $1.5 BILLION UNSECURED CREDIT AGREEMENT.MACY'S - TO USE PROCEEDS OF NOTES OFFERING, WITH CASH ON HAND, TO REPAY OUTSTANDING BORROWINGS UNDER EXISTING $1.5 BILLION UNSECURED CREDIT AGREEMENT.MACY'S INC - ASSET-BASED CREDIT AGREEMENT WILL MATURE IN MAY 2024 & INCLUDES A SHORT-TERM FACILITY OF $300 MILLION THAT WILL MATURE IN DEC 2020.MACY'S INC - SENIOR SECURED NOTES WILL MATURE IN JUNE 2025.MACY'S - ASSET-BASED CREDIT AGREEMENT ALSO CONTAINS ACCORDION FEATURE THAT ENABLES CO TO REQUEST INCREASES IN SIZE OF FACILITY UP TO $750 MILLION.MACY'S INC - AMENDED REVOLVING CREDIT AGREEMENT PROVIDES CO WITH UNSECURED REVOLVING CREDIT OF UP TO $75 MILLION.

Macy's Announces Pricing Of Offering Of Senior Secured Notes

May 27 (Reuters) - Macy's Inc <M.N>::MACY’S, INC. ANNOUNCES PRICING OF OFFERING OF SENIOR SECURED NOTES.MACY'S INC - PRICING OF OFFERING OF $1.3 BILLION OF 8.375% SENIOR SECURED NOTES DUE 2025.MACY'S INC - OFFERING PRICED AT 100% OF PRINCIPAL AMOUNT.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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