Bluemercury news and archive

Macy's expects inflation and low consumer sentiment to impact holiday quarter sales

Macy’s, Inc. expects net sales to be at the low-end to mid-point of the previously issued range of 8,161 dollars to 8,401 million dollars while adjusted diluted earnings per share to be in the previously issued range of 1.47 dollars to 1.67 dollars for the fourth quarter. The company said in a release that on a percentage basis, total...

BusinessFeatured

Macy’s Q3 revenue and earnings beat forecast

Macy’s reported diluted earnings per share of 39 cents and adjusted diluted earnings per share of 52 cents compared to diluted earnings per share of 76 cents and adjusted diluted earnings per share of 1.23 dollars in the third quarter of 2021. The earnings performance compares to diluted earnings per share of 1 cents and adjusted diluted...

Business

Macy’s names Pam Quintiliano as head of investor relations

Macy’s, Inc. has announced that Pam Quintiliano will join the company as head of investor relations, effective September 12, 2022. Quintiliano will report to Adrian Mitchell, chief financial officer of Macy’s. In this role, the company said in a statement, Quintiliano will be responsible for leading the company’s active investor relations...

Business

Macy’s lowers full year outlook

Macy’s, Inc. reported diluted earnings per share of 99 cents and adjusted diluted earnings per share of 1 dollar compared to diluted earnings per share of 1.08 dollars and adjusted diluted earnings per share of 1.29 dollars in the second quarter of 2021. This compares to diluted earnings per share and adjusted diluted earnings per share of 28...

Retail

Macy’s to open eight small format stores in 2022

Macy’s has announced that, as part of its Polaris strategy, the company will open four new off-mall, small-format stores this fall. By the end of 2022, Macy’s plans to expand Market by Macy’s to eight total locations. The four locations will include Market by Macy’s, a smaller store that offers customers its curated assortment of the latest...

BusinessFeatured

Macy’s Q1 sales and earnings jump, raises profit outlook

Diluted earnings per share at Macy’s Inc. were 98 cents in the first quarter and adjusted diluted earnings per share were 1.08 dollars compared to diluted earnings per share of 32 cents and adjusted diluted earnings per share of 39 cents last year. The company’s net sales increased to 5,348 million dollars, while comparable sales were up 12.8...

BusinessFeatured

Macy’s Q4 earnings beat estimates, reveals positive outlook

Macy’s, Inc. diluted earnings per share were 2.44 dollars and adjusted diluted earnings per share were 2.45 dollars in the fourth quarter over 2 dollars that analysts were expecting. Revenue grew to 8.67 billion dollars from 6.78 billion dollars a year earlier, beating expectations for 8.47 billion dollars. This compared to diluted earnings per...

BusinessFeatured

Macy’s Q3 profit increases, raises outlook

Macy’s, Inc. diluted earnings per share of 76 cents and adjusted diluted earnings per share of 1.23 dollars in the third quarter. This compares to a diluted loss per share of 29 cents and an adjusted diluted loss per share of 19 cents in third quarter 2020. The company said, the result compares to diluted earnings per share of 1 cent and...

BusinessFeatured

Macy’s reports increase in Q2 earnings, comparable sales rise 61.2 percent

Macy’s, Inc. reported diluted earnings per share of 1.08 dollars and adjusted diluted earnings per share of 1.29 dollars for the second quarter compared to a diluted loss per share of 1.39 dollars and an adjusted diluted loss per share of 81 cents in second quarter 2020. The company said this compares to diluted earnings per share and adjusted...

PeopleFeatured

Maly Bernstein is the new CEO of Bluemercury

Macy's, Inc. has announced the appointment of Maly Bernstein as chief executive officer of Bluemercury, effective September 13, 2021. In this role, the company said in a release, Bernstein will oversee the growth and strategy of all aspects of the Bluemercury brand, from its digital platform to stores. She will report to Tony Spring, chairman...

Business

Macy's reports drop in Q3 sales

Macy’s, Inc. reported third quarter net sales of 3,990 million dollars compared to 5,173 million dollars in the third quarter of 2019. Comparable sales were down 21 percent on an owned basis and down 20.2 percent on an owned plus licensed basis, due to continued stores recovery and continued growth of digital business. Macy’s said diluted loss...

Business

Macy's estimates first quarter loss to reach 1.1 billion dollars

In a preliminary report, Macy’s, Inc. said estimated first quarter net sales may range between 3,000 to 3,030 million dollars compared to 5,504 million dollars in the same quarter last year, while the company estimates reporting operating loss in the range of 905 million dollars to 1,110 million dollars. “This is a challenging time for the...