Bold New Chapter News Today

This week - NVIDIA rolls on, but for retailers, the ride is bumpier. Do generative AI projects reduce work? It's complicated. OpenAI had a rough week, but...

This week's tech news also reveals the top cities for IT professionals.

This week's tech news also reveals the top cities for IT professionals.

The Bold New Chapter has begun, but is there time to get through it?

Operator: Greetings and welcome to the Macys Inc. First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

1Q24 Earnings May 21, 2024 Safe Harbor Statement All statements in this presentation that are not statements...

The department store chain said its "Bold New Chapter" strategy is showing signs of progress

Macy's (M) Q1 2024 earnings reflected a tough stretch for the company, but beat expectations.

Macy's shares are climbing after reporting better-than-expected Q1 adjusted EPS and raising its FY24 outlook. Despite a 2.7% year-on-year sales decline to $4.846 billion, Macy's adjusted EPS of $0.27 beat the $0.15 consensus. The company updated its FY24 sales forecast to $22.3B-$22.9B and adjusted EPS guidance to $2.55-$2.90, reflecting strong customer response to their new strategy.

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