blue mercury news and archive

Macy’s shares surge 18 percent following buyout offer

Shares of US department store Macy's jumped almost 18 percent in early Monday trading following news that an investor group has offered a 5.8 billion dollars buyout deal. According to Wall Street Journal, Arkhouse Management, which focuses on real estate investments, and global asset manager Brigade Capital Management have jointly made the offer...

BusinessFeatured

Macy's raises full year profit target

Macy’s reported third quarter diluted earnings per share of 15 cents and adjusted diluted earnings per share to 21 cents, while net sales of 5 billion dollars were down 7 percent. The company's comparable sales declined 7 percent on an owned basis and 6.3 percent on an owned-plus-licensed basis. Commenting on the outlook, the company said it now...

BusinessFeatured

Macy's Q4 earnings beat analysts' expectations

Diluted earnings per share were 1.83 dollars and adjusted diluted earnings per share 1.88 dollars for the fourth quarter compared to 2.44 dollars and 2.45 dollars in the same quarter of 2021, respectively. According to Refinitiv, the company's adjusted earnings per share of 1.71 dollars excluding a tax benefit, were higher than the analysts'...

Business

Macy's posts profit, raises full year forecast

Macy’s For the first quarter, Macy’s Inc. reported diluted earnings per share of 32 cents and adjusted diluted earnings per share of 39 cents. The company said, adjusted diluted earnings per share for the quarter exceeded first quarter 2019 by 4 cents. The company’s posted net income of 103 million dollars. Excluding asset sale gains, comparable...