Macy's Q2 2024 Adj. EPS $0.53 Beats $0.29 Estimate, Sales $4.937B Miss $5.118B Estimate
Portfolio Pulse from Benzinga Newsdesk
Macy's reported Q2 2024 earnings per share of $0.53, surpassing the expected $0.29, but sales of $4.937 billion fell short of the $5.118 billion estimate. This represents a 3.76% decline from the previous year's sales.
August 21, 2024 | 10:55 am
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NEUTRAL IMPACT
Macy's Q2 2024 earnings per share exceeded expectations, but sales fell short, indicating mixed performance. The EPS beat may boost investor confidence, but the sales miss and year-over-year decline could raise concerns.
Macy's reported a significant EPS beat, which is positive for investor sentiment. However, the sales miss and year-over-year decline in sales could offset the positive EPS impact, leading to a neutral short-term stock price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100