Macy's Quarterly Profit Rises Along with Same-Store Sales
Macy's reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers.
macys earnings
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 Penney, but flat earnings from Kohl's. Agilent may be one of this week's biggest earnings gainers.
Macy's Profit Jumps, Boosts Full-Year Outlook
The department store operator reported a big profit jump in the second quarter, helped by higher-than-expected sales and improved margins. Macy's also raised its guidance for the second time this year.