Macy's Q1 2024 Earnings Report Expectations
Thursday, 16 May 2024, 18:09
Revenue
Macy's guided for net sales of $4.72-4.87 billion for Q1 2024, compared to analysts' revenue projection of $4.85 billion.
Earnings
Adjusted EPS is expected to range between $0.10-0.16, with analysts predicting $0.15 for the quarter.
Points to note
- Macy's is undergoing store optimization and investment shifts in fiscal 2024.
- The company plans to close non-go-forward locations and focus on go-forward stores for growth.
- In Q4, gross and merchandise margins improved, reflecting operational changes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.