Macy's Q1 Adj. EPS $0.56 Beats $0.45 Estimate, Sales $4.98B Miss $5.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
Macy's Q1 adjusted EPS of $0.56 beats the $0.45 estimate, but sales of $4.98B miss the $5.04B estimate. This represents a 48.15% decrease in earnings and a 6.88% decrease in sales compared to the same period last year.
June 01, 2023 | 10:57 am
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Macy's Q1 earnings beat estimates, but sales miss, indicating mixed financial performance.
Macy's Q1 earnings beat analyst estimates, which could positively impact the stock price. However, the missed sales target and YoY decreases in both earnings and sales may offset the positive impact, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100