Macy's (M)

Macy's announces leadership changes, including CFO and COO exit and new hires. Analyst maintains Market Perform rating, price target of $15.

The appointment comes as the department store chain reorganizes its operations under Tony Spring, who took over as CEO last year.

Macy's announced a shakeup of its executive leadership team to further advance the company's "Bold New Chapter" strategy designed to return the company to long-term profitable growth.

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The SPDR S&P Retail ETF (NYSE: XRT) is trading lower Tuesday as retail and apparel stocks fall following weak consumer spending data and poor earnings reports.

Large-cap stocks were the worst performers last week. Venture Global, MongoDB, Marvell, Samsara, HPE, Affirm, Carvana, FTAI Aviation, Applovin, SharkNinja, and KKR all saw significant declines.

Sentiment on Stocktwits was subdued, remaining ‘neutral’ on Thursday.

J.P. Morgan analyst Matthew R. Boss downgraded Macy's Inc. (NYSE: M) to Neutral, lowering the price target from $19 to $14. Despite a strong Q4 performance, the company's FY25 outlook sees a decline in same-store sales and an uncertain macroeconomic environment, prompting long-term risks with increased store closures and reduced growth expectations.

M earnings call for the period ending December 31, 2024.

Department store chain Macy’s (NYSE:M) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4.4% year on year to $8.01 billion. On the other hand, the company’s full-year revenue guidance of $21.2 billion at the midpoint came in 0.7% below analysts’ estimates. Its non-GAAP profit of $1.80 per share was 16.7% above analysts’ consensus estimates.

With equity futures pointing to a potentially rough market open later this morning, it looks like yesterday’s market rebound will lack follow-through.

Macy’s, Inc. reported mixed financial results for the fourth quarter of fiscal year 2024, with a GAAP diluted EPS of $1.21 and adjusted EPS of $1.80.

All three major indices remain in the red midday Thursday, after trimming earlier losses which saw the Dow Jones down more than 600 points at session lows. The major averages lost more than 2% this week as U.S.

Macy's shares dropped in premarket following a 4.3% decline in fourth-quarter sales. However, the company posted a positive operating income of $500 million and a better-than-expected adjusted EPS of $1.80. For FY25, Macy's projects revenue between $21.0 billion and $21.4 billion, under analysts' expectations.

U.S. stock futures fell on Thursday following Wednesday’s relief after a two-day fall. Futures of all four benchmark indices fell in premarket trading. President Donald Trump’s administration postponed implementation of auto tariffs by one month on Wednesday after the tariffs on Canada, Mexico, and China were implemented on Tuesday.

Department store chain Macy’s (NYSE:M) will be reporting earnings tomorrow before market hours. Here’s what to look for.

The Q4 2024 blended earnings growth estimate now stands at 14.6%.