Macy's delayed Q3 results show sales decline as its stock drops

Dec 11, 2024 · Same-store sales climbed 1.9% at the 50 locations that Macy's is prioritizing. The company expects fourth quarter net sales to come in between $7.8 billion and $8 billion, …

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Macy's Delayed Q3 Results Show Sales Decline As Its Stock Drops

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Dec 11, 2024 · Same-store sales climbed 1.9% at the 50 locations that Macy's is prioritizing. The company expects fourth quarter net sales to come in between $7.8 billion and $8 billion, …

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Macy's Delayed Q3 Results Show Sales Decline As Its Stock Drops

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Dec 11, 2024 · Here's what Macy's shared in its official third quarter results, compared to Bloomberg consensus estimates: Net sales: $4.74 billion versus $4.75 billion expected …

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Macy's Delays Results After Finding Employee Hid Millions In …

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Nov 25, 2024 · (Reuters) -Macy's on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary …

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Macy's Delays Q3 Earnings Report Amid Investigation Over

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Nov 25, 2024 · Preliminary Q3 Results: Meanwhile, the company reported preliminary third-quarter results, with a 2.4% decline in net sales to $4.742 billion (consensus $4.72 billion), with …

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Macy's Delays Q3 Earnings Report Amid Investigation Over …

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Nov 25, 2024 · Preliminary Q3 Results: Meanwhile, the company reported preliminary third-quarter results, with a 2.4% decline in net sales to $4.742 billion (consensus $4.72 billion), with comparable sales down ...

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Macy's Financial Woes Continue As Shares, Profit And Sales Slump

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Dec 11, 2024 · Macy's quarterly financial report was delayed after an internal investigation revealed an employee had concealed $151 million in company expenses over several years. …

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Macy's Delays Quarterly Report After Employee Hides Millions

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Nov 25, 2024 · For its fiscal third quarter ended November 2, Macy's net sales declined 2.4% year over year to $4.7 billion as its comparable-store sales decreased 2.4% on an owned basis and 1.3% on an owned ...

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Macy’s Third Quarter Profit And Sales Slide And So Do Its Shares

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Dec 11, 2024 · Comparable store sales fell 1.3%, better than the decline of 3.3% during the previous quarter. Macy’s stores had a 2.2% comparable sales decline while Bloomingdale’s …

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Macy’s Delays Q3 Earnings Report Over Employee’s ... - Stocktwits

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Nov 25, 2024 · Meanwhile, as part of its preliminary third-quarter highlights, Macy’s reported net sales declined 2.4% to $4.742 billion, with comparable sales down 2.4% on an owned basis …

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Macy’s Stock Drops Amid Weak Q3 Sales And Lowered Guidance

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Dec 11, 2024 · Macy’s reported a 2.4% decline in Q3 net sales, with same-store sales falling by 1.3%. While adjusted earnings per share of $0.04 exceeded expectations, the company …

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Macy's Q3 Earnings Miss Estimates, Comparable Sales Decline Y/Y

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Dec 12, 2024 · A Peek Into Macy’s Q4 Guidance. For the fourth quarter of fiscal 2024, Macy's anticipates net sales in the range of $7.8-$8 billion. On a 13-week basis, net sales are …

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Macy’s (NYSE:M) Q3 Sales Top Estimates But Stock Drops

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Dec 11, 2024 · Department store chain Macy’s (NYSE:M) reported Q3 CY2024 results topping the market’s revenue expectations, but sales fell by 2.7% year on year to $4.90 billion.The …

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Macy's Stock Slides As Retailer Warns Q4 Sales Could Be Weaker Than ...

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2 days ago · The stock (M) is on pace for its biggest daily percentage decline since Aug. 21, when it fell 12.9%, Dow Jones Market Data show. The move comes just days after Macy's …

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Macy’s Stock Slides As Retailer Warns Q4 Sales Could Be Weaker

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The stock is on pace for its biggest daily percentage decline since Aug. 21, when it fell 12.9%, Dow Jones Market Data show. The move comes just days after Macy’s announced a slate of …

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Macy’s Stock Slides As Retailer Warns Q4 Sales Could Be Weaker Than ...

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2 days ago · Macy’s Inc. shares slid 7.3% after the retailer said that its fourth-quarter sales will be at or slightly below the low end of the company’s outlook. The stock M is on pace for its biggest ...

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Progyny: The Growth Story Remains Intact - Seeking Alpha

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17 hours ago · The recent loss of Amazon as a customer could be a "one-off," in which case the 32% stock decline for the loss of a single customer that contributed 13% to its revenue seems …

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FAQs about Macy's delayed Q3 results show sales decline as its stock drops Coupon?

How did Macy's sales perform in Q3?

Preliminary Q3 results show net sales dropped 2.4 percent to $4.74 billion, slightly exceeding analysts' expectations of $4.72 billion. Comparable sales (sales from established physical and online channels) fell 2.4 percent overall, with Macy's stores reporting a three percent decline. ...

Why did Macy's delay its third-quarter results?

(Reuters) -Macy's on Monday delayed the publication of its third-quarter results due to an accounting issue tied to delivery expenses and instead posted preliminary results in which its sales missed Wall Street expectations. ...

Why did Macy's stock move lower Monday morning?

Macy's preliminary third-quarter sales also came in below estimates, with lower sales at Macy's offsetting gains at the company's other brands. Macy's (M) shares moved lower Monday morning after the retailer said its official third-quarter results would be delayed so that an independent investigation into an accounting issue can be completed. ...

Why are Macy's shares trading lower premarket on Monday?

Macy’s Inc. M shares are trading lower premarket on Monday after the company delayed its earnings release and conference call regarding the third quarter of 2024 to allow for the completion of an independent investigation. Earlier, the company planned to report its third-quarter sales and earnings results on Tuesday, November 26, 2024. ...

When will Macy's report third-quarter sales and earnings?

Earlier, the company planned to report its third-quarter sales and earnings results on Tuesday, November 26, 2024. Accounting Error: Macy’s disclosed that an internal investigation revealed that an employee intentionally concealed $132 million-$154 million in delivery expenses from fourth-quarter 2021 to third-quarter 2024. ...

Why did Macy's profit decline in the third quarter?

NEW YORK (AP) — Macy’s profit and sales declined in the third quarter as the department store chain wrestled with cautious spending by customers, rising competition and sluggish demand for cold-weather goods. ...