Macy's (M) PT Lowered to $4.50 at BofA Securities

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Go back to Macy's (M) PT Lowered to $4.50 at BofA Securities

Macy’s, Inc. Provides Preliminary First Quarter 2020 Sales and Operating Performance

May 21, 2020 6:55 AM EDT

February sales performance in line with expectations COVID-19 pandemic significantly impacted March and April sales Digital sales trend continues to improve Business expected to return gradually, with most stores reopened by late June

NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today provided preliminary sales and operating results ranges for the first quarter of 2020. The company expects to provide select and preliminary first quarter 2020 financial results on June 9, 2020 and will release its first quarter earnings results and hold a related call on July 1, 2020.

Financial... More