Macy's (M) Tops Q1 EPS by 54c, Revenues Miss

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Go back to Macy's (M) Tops Q1 EPS by 54c, Revenues Miss

Macy’s, Inc. Reports First Quarter 2020 Results

July 1, 2020 6:55 AM EDT

NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported results for the first quarter of 2020. As previously reported, the company had net sales of $3.017 billion.

Nearly all of the company's stores have now reopened, including stores in the major metropolitan regions. Stores continued to perform ahead of expectations through May and June, and the company's digital business sales remained strong across geographies. The company continues to expect a gradual sales recovery.

The first quarter of 2020 was challenging for the country, the industry and Macys, Inc. While our stores are... More