Macy's to report Q2 earnings as it doubles down on new strategy, ends buyout deal discussions

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 51 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Macy ニュース

Earnings Per Share,Turnaround Strategy

Macy's is set to report its Q2 results against a difficult consumer backdrop.

On Wednesday, Wall Street expects the department store chain to report $5.06 billion in revenue, a 1.4% year over year decline. Same store sales are expected to be down 0.49%, while adjusted earnings per share is estimated to drop from $0.29 to $0.26.

The strategy includes closing underperforming stores, improving remaining "go forward" locations, and investing in digital sales. "The chain’s weekly foot traffic has remained at or above 2023 levels since the middle of the month – likely spurred by back-to-school shopping and sales," Placer.ai Citi analyst Paul Lejuez expects the company to beat Q2 expectations, but does not expect it to raise guidance, adding in a note to clients "they will likely want to remain cautious given the macro backdrop."MONTREAL — Quebec Premier François Legault has announced a six-month freeze on certain temporary foreign worker applications in Montreal, in a move intended to put pressure on Ottawa to reduce the number of non-permanent residents in the province.

Younger adults may be feeling more financially stressed than older adults -- and it appears to be impacting their mental health. Check Out: 6 Things Frugal Boomers Never Buy Read Next: 7 Reasons Gen Z...

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 47. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Google parent Alphabet to report Q2 earnings Tuesday with AI, ad spending front and centerGoogle parent Alphabet will report its Q2 earnings after the bell on Tuesday.
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

MicroStrategy’s Q2 earnings: Will its Bitcoin bet finally pay off?Microstrategy to release Q2 2024 earnings report. Earnings Preview shows uncertainty and decline in net profit.
ソース: CryptoAmb - 🏆 22. / 68 続きを読む »

Nvidia’s earnings could turn around the ailing AI tradeNvidia will report its fiscal Q2 earnings on Aug. 28, and if the results are as stellar as they've been in recent quarters, it could help turn around the AI ...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »