“Macy’s beats low Q1 estimates as it weighs between a turnaround and a buyout”
May 28, 2024
“…On Tuesday morning, the department store chain reported revenue of $4.85 billion, down 2.7% compared to last year and slightly higher than Wall Street’s estimates of $4.81 billion. Its adjusted earnings per share of $0.27 also topped the $0.14 expected. Comparable sales fell 1.2% at company-owned stores, less than the 3.01% decline Wall Street predicted…
Since 2012, Macy’s has lost 25% of its market share “primarily to Off-Price retailers, brands, and Amazon,” per Sole…”