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Macys Inc   (M)
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    Sector  Retail    Industry Department & Discount Retail


 

Macys Inc

M's Financial Statements and Analysis



Macys Inc reported in the first quarter of 2024 net earnings per share of $0.22 a decrease by -60.71 % year on year from $0.56 and an improvement compare to net loss per share of $-0.26 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ 0.22 $  5,000 Mill
$-0.34     -60.71 % $-173M     -3.34 %



Macys Inc 's Revenue fell by -3.34 % in first quarter of 2024 (May 04 2024) year on year, to $5,000 million and declined by -40.3 % sequentially.


Macys Inc is

More on M's Income Statement



Macys Inc 's net income of $62.000 million in the first quarter of 2024 decreased by -60 % from net earnings of $155.000 million achieved in I. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-71.000 million recorded in previous quarter.

More on M's Growth

Macys Inc Inventories
Inventories grew by 1.74 % to $4,687 million from I. Quarter a year ago, sequentially inventories rose by 7.48 %. In May 04 2024 company's net cash and cash equivalents decreased by $-158 million, capital expenditures grew by -296-22.64%, to $-229 millions compare to same quarter a year ago

More on M's Cash flow Statement


Macys Inc payed out dividend of $0.49 per share in last 52 weeks representing 1,633.33 % of net earning per share in trailing twelve-month period.

During the same period Macys Inc earned $ 4.13 cash per share, on a free-cash flow basis 13755.91 % of net earning per share.

Book value fell by -0.79 % sequentially to $14.85 per share.
Tangible Book value fell to $ 10.39 per share from $ 10.42.

Company issued 5.50 million shares or 1.99 % in May 04 2024.
Interest Coverage Ratio was 1.04. Debt Coverage Ratio was 0.04.

More on M's Dividends

 Market Capitalization (Millions) 5,380
 Shares Outstanding (Millions) 282
 Total Debt (Millions $) 2,998
 Revenue (TTM) (Millions $) 23,693
 Net Income (TTM) (Millions $) 12
 Cash Flow (TTM) (Millions $) 438
 Capital Exp. (TTM) (Millions $) -658
 Dividend TTM ($) 0.49 $
 Dividend Yield TTM (%) 3.56 %
 Employees (TTM) $ 166,900




Macys Inc payed out dividend of $0.49 per share in the last 52 weeks representing 1,633.33 % of net earning per share in trailing twelve-month period.

During the same period Macys Inc had $ 4.13 cash flow per share, on a free-cash flow basis 13755.91 % of net earning per share.

Book value fell by -0.79 % sequentially to $14.85 per share.
Tangible Book value fell to $ 10.39 per share from $ 10.42.

Company issued 5.50 million shares or 1.99 % in May 04 2024.
Interest Coverage Ratio was 1.04. Debt Coverage Ratio was 0.04.

More on M's Balance Sheets

 Market Capitalization (Millions) 5,380
 Shares Outstanding (Millions) 282
 Total Debt (Millions $) 2,998
 Revenue (TTM) (Millions $) 23,693
 Net Income (TTM) (Millions $) 12
 Cash Flow (TTM) (Millions $) 438
 Capital Exp. (TTM) (Millions $) -658
 Dividend TTM ($) 0.49 $
 Dividend Yield TTM (%) 3.56 %
 Employees (TTM) $ 166,900
   


  News about Macys Inc Earnings

Financial woes deepen for Macys Inc as EPS plunges in fiscal first quarter of 2024

The recent fiscal first quarter results for Macys Inc paint a bleak picture for the retail giant. With a staggering -60.71% decline in EPS, dropping to just $0.22 per share from $0.56 the previous year, investors and analysts are rightfully concerned about the company's financial health. Additionally, the revenue contraction of -3.344% to $5.00 billion from $5.17 billion in the same period last year is a troubling sign of a struggling business.
It's concerning to see such a significant decline in net earnings, with a -60% drop to $62.000 million from $155.000 million in the corresponding period a year before. The operating margin plummeted to 2.5%, and the net margin shrank to 1.24%, indicating a decreas...

Macys Inc. Faces Loss Despite Revenue Improvement in Recent Fiscal Period

Macys Inc. faced a challenging fourth quarter of 2023, sl...

Macys Inc. Surpasses Expectations and Looks Forward to a Strong Holiday Season despite Sharp EPS Decline

Macys Inc. (NYSE: M) has recently announced its financi...

'Macys Inc Experiences 3.272% Decline in Revenue and colossal EPS fall in Recent Fiscal Period'

The financial results for Macy's Inc for the fiscal time-frame closing on April 29, 2023 have revealed a drastic decline in earnings and revenue. The earnings per share have plummeted by 42.86% to $0.56 per share, as compared to $0.98 per share a year ago. Additionally, EPS has dropped by 69.73% from $1.85 per share in the prior reporting period.
Furthermore, the revenue contracted by 3.272% to $5.17 billion from $5.35 billion in the corresponding reporting period a year ago, and sequentially, revenue tumbled by 37.403% from $8.26 billion. These financial results indicate a decline in the company's sales and profits, which can have significant implications for the company's future.
The declining pro...


Date modified: 2024-05-31T18:15:05+00:00





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