Macy's: Attractive Even With Mixed Guidance
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Macy's shares have underperformed, losing 30% over the past year. Despite declining revenue, Macy's beat earnings expectations due to asset sales. The company plans to close 150 underperforming stores and focus on modernizing remaining locations and investing in Bloomingdale's and Bluemercury.
March 12, 2025 | 5:45 am
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NEUTRAL IMPACT
Macy's shares have declined 30% over the past year. Despite declining revenue, the company beat earnings expectations due to asset sales. Macy's plans to close 150 underperforming stores and focus on modernizing remaining locations and investing in Bloomingdale's and Bluemercury.
Macy's has shown a mixed performance with a significant share price decline but managed to beat earnings expectations due to asset sales. The strategic focus on modernizing stores and investing in Bloomingdale's and Bluemercury could stabilize or improve future performance, but the immediate impact is neutral given the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100