M - These Analysts Revise Their Forecasts On Macy's Following Q4 Results | Benzinga
Macy’s Inc (NYSE: M) reported mixed quarterly results and announced plans to close 150 stores on Tuesday.
The company reported fourth-quarter adjusted EPS of $2.45, beating the analyst consensus of $1.96. Quarterly revenue of $8.12 billion missed the analyst consensus of $8.15 billion, acording to data from Benzinga Pro.
Macy’s announced a new strategy, "A Bold New Chapter,” designed to return the company to enterprise growth. The company plans to focus on Macy’s resources by closing approximately 150 underproductive locations through 2026.
Macy’s sees FY24 adjusted EPS of $2.45-$2.85 versus $2.76 estimate. ...