Macy`s Inc

NYSE:M   3:59:59 PM EDT
-0.34 (-1.81%)
4:00:12 PM EDT: $18.44 -0.01 (-0.05%)
Officer Changes, Other Pre-Announcement

Macy's Expects Q2 Net Sales Between About $4.9 Billion And $5 Billion

Published: 05/18/2021 18:16 GMT
Macy`s Inc (M) - Ceo- Customer Spend in Q1 Was Up 8% Versus the Plus 4% in Q4 of 2020 - Conf Call.
Ceo- "we Don't See This As a Short-term Pop.
There Are Pent-up Demand Opportunities".
Ceo- Intend to Generate $10 Billion in Sales From Digital by 2023.
Macy's Ceo- Don't Expect International Tourism to Improve Until 2022, Which Has Been 3% to 4% of Macy's and Bloomingdale's Annual Business.
Macy's Ceo- Stores Outperformed Across All Metrics in the First Quarter and Continue to Show Signs of Recovery Earlier Than Expected.
Macy's Cfo- Impacted by Tightening Job Market in Q1, Which Led to More Open Positions With Improved Sales Demand Leading to Higher Expense Leverage.
Macy's Cfo- Expect Q2 Net Sales Between About $4.9 Billion and $5 Billion With Adjusted Diluted EPS in a Range of $0.03 to $0.12.
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