Macy's shares dive 12% as company cuts sales guidance; Q2 results top estimates
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Macy’s, Inc. Reports Second Quarter 2024 Results
August 21, 2024 6:55 AM EDTGAAP EPS and Adjusted Diluted EPS of $0.53, exceeded outlook
Gross margin rate of 40.5%, better than outlook
Macys First 50 locations achieve second consecutive quarter of positive comparable sales
NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported financial results for the second quarter of 2024 and updated its annual guidance.
During the second quarter, we delivered strong earnings performance in a challenging consumer environment, said Tony Spring, chairman and chief executive officer of Macys, Inc. Our colleagues executed with discipline,... More
