Macy's: Q1 Earnings Insights

Shares of Macy's M rose 0.3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 561.36% year over year to ($2.03), which beat the estimate of ($2.57).

Revenue of $3,017,000,000 decreased by 45.19% from the same period last year, which missed the estimate of $3,680,000,000.

Guidance

Macy's hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 01, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/bbde5fam

Recent Stock Performance

52-week high: $23.40

52-week low: $4.38

Price action over last quarter: down 49.23%

Company Overview

Founded in 1858, Macy's operates about 613 stores under the Macy's brand, 55 stores under the Bloomingdale's brand, and about 172 Bluemercury specialty beauty stores. Macy's also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constitute approximately 61% of Macy's sales. The retailer recently consolidated its headquarters in New York City.