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Tag: Macy’s Inc

  • Macy’s (M) Stock Rose As Financials Improved

    Macy’s (M) Stock Rose As Financials Improved

    Macy’s, Inc. (NYSE: M) shares exhibited a notable ascent during Thursday’s regular trading session, marking a robust 5.71% increase to settle at $13.33. This positive momentum was spurred by the disclosure of Macy’s quarterly financial performance, which surpassed expectations.

    In its report for the third quarter of 2023, Macy’s (M) revealed financial results that exceeded both top and bottom-line projections. Despite a 7% decrease in net sales, which amounted to $5 billion compared to the third quarter of 2022, Macy’s showcased resilience by diversifying its offerings.

    Notably, the company recently broadened its array of Disney products across diverse categories, enhancing the festive spirit for all age groups this Holiday season. From exquisite jewelry to home decor and toys, Macy’s now features an exclusive collection to commemorate Disney’s 100th Anniversary, available for purchase at Macy’s stores nationwide, online, and through its mobile app.

    An additional highlight is Macy’s introduction of a Disney Princess collection, encompassing role-play costumes, accessories, character dolls, jewelry, apparel, and toys. The Macy’s Herald Square flagship store stands as the sole location outside of Disney Parks in North America to host a captivating Disney Princess augmented reality experience.

    At the Disney Princess section, customers of all ages can step into the enchanting realm of a “magic” mirror, allowing them to virtually don the dresses of their beloved Disney Princess characters. Macy’s commitment to enriching the customer experience extends beyond physical stores to the online realm, as it brings the magic of Disney Princesses to life during the Holiday Season.

    By featuring exclusive Disney products, Macy’s endeavors to instill the sense of wonder associated with its iconic brands and aims to captivate a new generation of enthusiasts with the allure of Disney at Macy’s. In a harmonious convergence of visions, both Disney and Macy’s share a common objective of providing consumers with magical moments through high-quality products.

    The enchanting Disney Princess showcase at Macy’s Herald Square is poised to inspire visitors, encouraging them to immerse themselves in an unforgettable retail experience that transcends conventional boundaries.

  • Why Macy’s Inc (NYSE: M) Stocks Kept Soaring Today?

    Why Macy’s Inc (NYSE: M) Stocks Kept Soaring Today?

    Macy’s Inc. (NYSE: M), a nation’s premier omnichannel fashion retailer saw an increase in its share price by 11% after reporting the results for the second quarter of 2020. Macy’s disclosed Wednesday that it lost 81 cents a share on revenue that dropped nearly 36% year over year to $3.56 billion from $5.55 billion in the year-ago period.

    Macy’s Inc has experienced a net loss of $431 million as compared to the gain of $86 million years ago. Its comparable sales dropped 34.7% but saw a 53% increase in its digital sales.  It has gained a gross margin of 23.6% which showed the improvement of approx. 650 basis points from 2020 Q1.

    Shares of Macy’s Inc. went up 0.57% as it has gained +0.04 on Wednesday. It has opened at $7.45 and has a closing price of $7.05. Macy’s Inc has a day low range of $6.78 and a day high range of $7.79. It had reported a trading volume of 85.25 million as compared to the average volume of 35.74 million.

    In the past 52-weeks of trading, Macy’s Inc share has experienced the change of $4.38 from its 52-weeks low range and $18.57 from its 52-weeks high range. It had traded up 60.96% from its 52-weeks low and traded down -62.04% from its 52-weeks High. Macy’s Inc total market capitalization has remained high, hitting $2.08 billion at the time of writing.

    Looking at its profitability, it has a return on assets of -15.20%, returns on investment of 6.80%, and return on equity of 58.80%. Its Gross Margin is 37.40%, Profit Margin is -13.80%, and an Operating Margin is -15.10%. Focusing on its liquidity, it has a current ratio of 1.20. Macy’s Inc quick ratio is 0.40.

    Now looking at its 2020 Q2 results, it has reported the 29% drop in its inventory. It bears a diluted loss per share of $1.39 and Adjusted diluted loss per share of $0.81. Macy’s Inc has disclosed that despite the loss it has experienced stronger performance inn 2020 Q2 than expected.

    As the company is moving towards the crisis it chooses the option of digital business and becomes successful in attracting the customers. Macy’s Inc has disclosed that it is planning to invest in fashion, digital and omnichannel and expected to utilize the resources of the company in a better way to serve the customers in the best way.