Macy : First Quarter 2024 Presentation - MarketScreener
1Q24 Earnings May 21, 2024 Safe Harbor Statement All statements in this presentation that are not statements...
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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.