Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (62560)	11/21/2019 7:16:27 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78666

M - Macy’s in trouble: finance.yahoo.com I think these guys don’t have the means to compete in online shopping. Data breaches, missed sales, barely breaking even.... I also think the real estate belong a few trophy properties is worth much less than some think.

To: E_K_S who wrote (62560)	11/18/2021 8:41:42 AM
From: E_K_S	Respond to of 78666

Macy's Inc (M) PRE-MARKET 34.40 +2.90 (+11.54%) Macy’s, Inc. Reports Third Quarter 2021 Results; Narrows and Raises Full Year 2021 Guidance Quarterly net sales and earnings exceeded expectations Comparable sales up 37.2% on an owned basis and up 35.6% on an owned-plus-licensed basis versus 2020; up 8.9% and up 8.7%, respectively, versus 2019 Diluted EPS of $0.76 and Adjusted diluted EPS of $1.23 Repurchased $300 million of shares, repaid $1.6 billion in debt ahead of schedule and paid $46 million in dividends Added 4.4 million new customers into Macy’s brand, a 28% increase over 2019 Announces plans to launch curated digital marketplace platform NEW YORK--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE: M) today reported financial results for the third quarter of 2021. “Our company delivered another strong quarter and exceeded our expectations on both top and bottom lines. The results were driven by the effective execution of the Polaris strategy and an improved economic environment. In the quarter, the Macy’s brand added 4.4 million new customers. Consumers continue to spend, and we successfully offered a wide range of expanding merchandise assortment to meet their growing demand,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “Looking ahead to the fourth quarter, we remain a special place for holiday shopping, and our robust omnichannel ecosystem is showing resilience in the face of labor and supply chain challenges and enables us to meet customer shopping needs with speed and convenience.”