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Macy's Inc (M.F)

M.F on Frankfurt Stock Exchange

17.26EUR
23 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Macy's Inc Q3 EPS $0.23 excluding items
Thursday, 9 Nov 2017 08:00am EST 

Nov 9 (Reuters) - Macy's Inc ::Macy's, Inc. reports third quarter 2017 earnings above prior year and re-affirms full-year guidance.Sees fy 2017 adjusted earnings per share $3.38 to $3.63 excluding items.Q3 earnings per share $0.23 excluding items.Q3 sales $5.281 billion versus I/B/E/S view $5.31 billion.Q3 same store sales fell 4 percent.Q3 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Macy's Inc - ‍comparable sales on an owned basis were down 4.0 percent in Q3 and down 3.6 percent on an owned plus licensed basis​.Macy's Inc says saw better gross margin performance in quarter primarily due to tightly controlled inventory position​.Macy's Inc - ‍"a highlight of Q3 was launch of new star rewards loyalty program"​.Macy's Inc - ‍"we expect continued improvement in our trends in q4, including a solid lift from loyalty and digital"​.Macy's Inc - ‍remain on track to meet our full-year sales and earnings guidance for 2017​.  Full Article

Samsung Experience to launch at Macy's Herald Square
Tuesday, 31 Oct 2017 09:00am EDT 

Oct 31 (Reuters) - Macy's Inc :Samsung Experience to launch at Macy’S Herald Square.Macy's Inc - ‍beginning Nov. 1, customers shopping at Macy's Herald Square will be able to explore and purchase a range of Samsung products​.  Full Article

MACY'S INC ‍DECLARES REGULAR QUARTERLY DIVIDEND OF 37.75 CENTS/SHARE
Friday, 27 Oct 2017 11:01am EDT 

Oct 27 (Reuters) - Macy's Inc ::BOARD ‍DECLARED REGULAR QUARTERLY DIVIDEND OF 37.75 CENTS PER SHARE ON MACY'S COMMON STOCK, PAYABLE JAN. 2, 2018​.  Full Article

Macy’s names Danielle kirgan as chief human resources officer
Tuesday, 17 Oct 2017 08:30am EDT 

Oct 17 (Reuters) - Macy's Inc :Danielle Kirgan named chief human resources officer of Macy's Inc.Macy's Inc - ‍ appointment of Danielle Kirgan as chief human resources officer, effective October 23, 2017​.  Full Article

Macy’s Inc expands same-day delivery service to cover 33 markets
Thursday, 31 Aug 2017 06:00am EDT 

Aug 31 (Reuters) - Macy's Inc :Macy’s Inc expands same-day delivery service to cover 33 markets.Macy's Inc - ‍expansion of its same-day delivery of products purchased online at macys.com, bloomingdales.com and both brands' mobile apps​.  Full Article

Macy's names Hal Lawton president
Monday, 21 Aug 2017 04:55pm EDT 

Aug 21 (Reuters) - Macy's Inc :Hal Lawton named President of Macy’s.Macy's Inc - ‍Restructuring includes consolidation of three functions - Merchandising, Planning and private brands​.‍Company also announced restructuring of its merchandising operations​.Macy's Inc says company anticipates it will save approximately $30 million on an annual basis from restructuring.Macy's Inc says anticipates one-time costs of approximately $20 - $25 million associated with restructuring, to be booked primarily in Q3 of 2017.‍Company expects that the restructuring actions will result in a headcount reduction of approximately 100​.Macy's-Consolidation of 3 functions into one merchandising function to be led by Jeff Kantor, organized around 5 'Families-of-business'​.Macy's- Sees savings due to restructuring of about $5 million or about 1 cent/share in Q4 2017, which is additive to previously provided earnings guidance​.Macy's Inc - ‍ Lawton was most recently senior vice president, eBay North America​.  Full Article

Macy's Q2 same store sales fell 2.8 percent
Thursday, 10 Aug 2017 08:00am EDT 

Aug 10 (Reuters) - Macy's Inc ::Macy's Inc reports second quarter earnings and reaffirms full-year guidance.Q2 earnings per share $0.48 excluding items.Q2 sales $5.552 billion versus I/B/E/S view $5.52 billion.Q2 same store sales fell 2.8 percent.Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.38.‍reaffirmed its sales and earnings guidance for full-year 2017​.MACY'S INC - ‍comparable sales on an owned basis were down 2.8 percent in Q2 and down 2.5 percent on an owned plus licensed basis​.‍"Will adapt our business in order to reach our goal of stabilizing brick-and-mortar business​".Macy's - ‍launch of a new loyalty program and new marketing strategy in fall, which co anticipates will further improve sales trend in back half of year​.FY earnings per share view $3.29, revenue view $24.67 billion -- Thomson Reuters I/B/E/S.Macy's - ‍will "adapt" business to reach goal of stabilizing brick-and-mortar business while "investing for accelerated growth in digital and mobile"​.  Full Article

Macy's CFO warns gross margin could be below forecast given in February, 60-80 basis points below last year - CNBC reporter tweet
Tuesday, 6 Jun 2017 10:42am EDT 

June 6 (Reuters) - :Macy's CFO warns gross margin could be below forecast given in february, 60-80 basis points below last year - CNBC reporter tweet.Macy's CFO says the company is still comfortable (ie not changing) the sales and profit guidance given in February - CNBC reporter tweet.  Full Article

Macy's CFO - Expect improvement in trend to start in Q2
Thursday, 11 May 2017 11:34am EDT 

May 11 (Reuters) - Macy's Inc :CFO on conf call- international tourists sales declined at about the same rate as Q1 comp sales.CFO - weaker businesses in Q1 included handbags, fashion jewelry and watches, housewares.CFO - have 26 backstage stores open within macy's stores and are adding 19 more this year.CFO - Q1 gross margin decline was due to ending 2016 with inventory higher than anticipated, weak february sales and margin pressures in a few businesses.CFO - gross margin declines in beauty business due to increased promotional activity.CFO - making good progress in selling off properties that were previously closed.CFO - there is a dedicated Brookfield team working with our team on feasibility analysis and redevelopment activities related to about 50 real estate assets.CFO - had expected Q1 to be weakest quarter of year, benefits from closed stores were not expected to help until going-out-of-business sales were completed until late march.CFO - expect improvement in trend to start in q2.CFO - adding or expanding furniture and mattresses in approximately 60 stores.CFO - "we've concluded that our current model is too heavily weighted to promotional marketing".CFO - strategizing to improve our 'buy online pickup in store' experience.CEO- working on bringing additional traffic into stores in close partnership with our mall developers.  Full Article

Macy's reports Q1 adjusted earnings per share $0.24
Thursday, 11 May 2017 08:00am EDT 

May 11 (Reuters) - Macy's Inc -:Macy’s Inc reports first quarter earnings.Q1 earnings per share $0.24 excluding items.Q1 sales $5.338 billion versus i/b/e/s view $5.47 billion.Q1 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Q1 same store sales fell 5.2 percent.Macy's Inc - remain on track to meet our 2017 guidance.Macy's Inc - macy's, inc. Affirms its previously provided guidance for full-year 2017.Macy's Inc - comparable sales on an owned basis were down 5.2 percent in q1 and down 4.6 percent on an owned plus licensed basis.Macy's Inc - Macy's Inc board of directors has declared a regular quarterly dividend of 37.75 cents per share on macy's common stock.Macy's Inc - is also under contract to sell two additional floors of its downtown seattle store after having sold floors five through eight in 2015.Macy's Inc - "in 2017, we are focused on taking actions to stabilize our brick and mortar business".Fy2017 revenue view $25.89 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $3.05 -- Thomson Reuters I/B/E/S.Macy's Inc - "we will invest to aggressively grow our digital and mobile business".  Full Article

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Macy's shares surge on holiday quarter outlook

CHICAGO Macy's Inc shares climbed more than 11 percent on Thursday after the department store chain forecast a jump in online sales in the crucial holiday quarter and said it would maintain its tight grip on inventory. | Video