Macy’s, Inc. (M) has reported first-quarter fiscal 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. However, total revenues and earnings declined from the year-ago quarter’s reported figures. Comparable sales fell on an owned basis and an owned-plus-licensed basis.M shares have gained 29% in the past six months compared with the industry’s 25% growth.Sales & Earnings PictureMacy’s, currently carrying a Zacks Rank #3 (Hold), reported adjusted earnings of 27 cents per sha ...

财务数据和关键指标变化 - 第一季度净销售额为48亿美元,接近公司预期的高端 [2] - 调整后每股收益为0.27美元,超出公司预期 [2] 各条业务线数据和关键指标变化 - Macy's业务与预期一致,同店销售下降0.4%,其中首50家门店同店销售增长3.4% [11] - Bloomingdale's同店销售增长0.3%,净销售额增长0.5% [30] - Bluemercury同店销售增长4.3%,净销售额增长4% [30] 各个市场数据和关键指标变化 - 公司认为消费者在经济压力下变得更加谨慎,但公司有信心通过执行"全新篇章"战略实现盈利增长 [6][8] 公司战略和发展方向及行业竞争 - 公司正在执行"全新篇章"战略,包括加强Macy's品牌、加速奢侈品增长、简化和现代化端到端运营 [8] - 公司正在测试和实施各项举措,如提升商品、优化门店人员配置、增加门店活动等,并取得初步成效 [11][13][14] - 公司正在优化私有品牌组合,并计划在2025财年全面刷新家居私有品牌 [15][16] - 公司正在加强数字业务,包括优化客户体验、扩大Marketplace业务等 [19] - 公司正在评估新门店机会,包括Bloomingdale's和Bluemercury [9][23] 管理层对经营环境和未来前景的评论 - 管理层认为消费者在经济压力下变得更加谨慎,但公司有信心通过执行"全新篇章"战略实现盈利增长 [6][8][39] - 公司预计2024财年将是过渡和投资年,但对战略执行进度感到鼓舞 [25] 问答环节重要的提问和回答 问题1 **Matthew Boss 提问** 询问首50家门店的关键举措及其带来的影响,以及未来扩展计划 [46] **Tony Spring 回答** 公司在人员、商品、陈列和体验方面进行了多项改善,取得了良好成效,未来将审慎评估扩展计划 [47] 问题2 **Warren Cheng 提问** 询问供应商的参与度是否带来了商品组合或毛利率的影响 [53] **Tony Spring 回答** 供应商的积极参与帮助公司提升了商品差异化和全价销售,但目前仍处于早期阶段 [54] 问题3 **Dana Telsey 提问** 询问不同收入水平消费者的表现差异,以及小型门店的表现和未来计划 [78][81] **Tony Spring和Adrian Mitchell回答** 高端消费者更加谨慎,但公司正在根据不同客户需求调整商品和营销;小型门店表现良好,公司将继续扩展这一业态 [79][81]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

(Photo by Chris Hondros/Newsmakers)Getty ImagesAn embolden Tony Spring, Chairman and CEO of Macy’s, clearly defined the future by indicating that he was encouraged by the consumer’s response to Macy’s bold New Chapter strategy. In the first quarter it resulted in results near the high-end of expectation.“Our team executed with discipline and efficiency” said Tony Spring “It contributed to first quarter earnings that exceeded our expectations. At the Macy’s nameplate go-forward business performance was led ...

Macy's (M) reported $4.85 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 2.7%. EPS of $0.27 for the same period compares to $0.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.84 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +50.00%, with the consensus EPS estimate being $0.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Key TakeawaysMacy's shares rose Tuesday as the retailer reported first-quarter results that declined from last year's levels, but not as much as analysts had expected.In the quarter, Macy's ended a proxy battle by appointing two new board members, and also announced a restructuring plan to close 150 locations as it looks to return to higher levels of profitability.The retailer also updated its guidance for the full fiscal year, lifting the bottom levels of the projected ranges for revenue and comparable sal ...

Retail concern Macy's Inc (NYSE:M) stepped into the earnings confessional this morning, where it reported better-then-expected first-quarter earnings and raised its full-year guidance. The department store chain said its turnaround plan was the key catalyst for its beat-and-raise.In response, M was last seen up 3.8% at $19.79. The equity is bouncing back above its contentious 60-day moving average, but the $20 mark continues to keep a lid on potential breakouts. Today's gains are also helping Macy's stock c ...

Macy's (M) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this department store operator would post earnings of $2.02 per share when it actually produced earnings of $2.45, delivering a surprise of 21.29%.Over the last four quarters, the compa ...

业绩总结 - Macy's公司在1Q24实现了+3.4%的可比销售增长[9] - 在1Q24，Macy's公司的净销售同比下降了2.7%[25] - Macy's公司的净销售同比增长了0.5%[28] - Bluemercury连续13个季度实现可比销售增长，主要受益于护肤品的强劲表现[20] - Macy's公司的总收入为5000万美元，同比下降了3.3%[30] - Macy's公司的调整后EBITDA同比下降了22.2%[30] - Macy's公司的自由现金流为负96百万美元，用于支付股息[32] 未来展望 - Macy's公司预计FY24净销售将与FY23持平至增长1.5%[34] - Macy's公司预计FY24的调整后EBITDA率为7.3%[34] - 2024年第二季度公司预计净销售额在49.7亿美元到51亿美元之间，较去年同期增长至少170个基点[36] - 2025年及以后，公司目标实现低个位数到中个位数的年度可比销售增长[38] 用户数据 - 2024年第一季度数字访问量为476百万，同比增长2.3%[44] - 2024年第一季度信用卡收入净额为117美元，同比下降27.8%[48] 负面信息 - 2024年第一季度毛利率为39.2%，较去年同期下降80个基点[49] - 2024年第一季度调整后每股收益为0.27美元，较去年同期下降51.8%[52] 其他新策略和有价值的信息 - 2024年全年预计净销售额为223亿美元至229亿美元，较去年同期下降1.0%至增长1.5%[55] - 2024年全年预计其他收入为154美元，较去年同期下降19.4%[55] - 2024年全年预计调整后每股收益为2.55美元至2.90美元[55]

财务业绩 - 第一季度每股摊薄收益为0.22美元，调整后每股摊薄收益为0.27美元[3] - 公司本季度净收入为6200万美元，每股摊薄收益为0.22美元[31] - 剔除特殊项目影响后,本季度调整后净收入为7700万美元,每股摊薄收益为0.27美元[31] - 2024年全年调整后每股摊薄收益预计为2.55美元至2.90美元[8] - 调整后每股收益为0.62美元，同比下降60.3%[30] 销售情况 - 净销售额为48.46亿美元，同比下降2.7%[3] - 自有加特许加市场销售同比下降0.3%[3] - 梅西百货品牌自有销售同比下降1.6%，自有加特许加市场销售同比下降0.4%[4] - 首50家门店自有销售同比增长3.3%，自有加特许销售同比增长3.4%[4] - 公司总销售额为48.46亿美元，同比下降2.7%[20] - 同店销售(包含第三方授权店和市场销售)下降0.3%[26] - Macy's首50家门店同店销售增长3.3%，其他门店下降1.2%[28] - 本季度可比销售额增长6%[32] - 可比销售额计算中包含了第三方授权经营部门的销售额和线上市场销售额[33] - 第三方授权经营部门的销售额和线上市场销售额对公司净销售额影响不重大[33] 毛利率和费用 - 毛利率为39.2%，同比下降0.8个百分点[6] - 销售、一般及管理费用为19.11亿美元，同比下降2%[6] - 毛利率为37.6%[21] - 调整后EBITDA为3.64亿美元，同比下降22.2%[30] 其他收入 - 信用卡收入净额为1.17亿美元，占总销售额的2.4%[20] - Macy's Media Network收入净额为3700万美元，占总销售额的0.8%[20] - 其他收入为1.54亿美元，占总销售额的3.2%[20] 全年预测 - 2024年全年销售额预计为223亿美元至229亿美元，同比变动约-1%至+1.5%[8]