macys earnings

Macy's 4Q Profit Rises 1%, Misses Forecasts

Macy's is reporting an 11 percent increase in fourth-quarter profit, but its results missed Wall Street expectations as a string of winter storms chilled sales in January.

Macy's Earnings Surge on Rising Sales

The department store chain made investors smile Wednesday as it reported that its first-quarter earnings soared due to rising sales, tight expense controls and its move to tailor merchandise by region. And there's more good news: Macy's also doubled its quarterly dividend and raised its full-year earnings and sales outlook.

Macy's Earnings Swing to Profit, Top Analyst Expectations

Department store operator Macy's reported a third-quarter profit, with earnings topping Wall Street expectations due in part to a move toward tailored local offerings and the return of upscale customers to its Bloomingdale's stores. Macy's said it earned $10 million, compared to a loss of $35 million in the same period last year.

Week in Preview: Here Come Retail Earnings

The first of the major retailers will report quarterly earnings this week. Analysts expect to see strong results from Macy's and JCPenney, but flat earnings from Kohl's. Agilent Technologies is anticipated to be one of this week's biggest earnings gainers.