MACYS WKN: A0MS7Y ISIN: US55616P1049 Forum: Aktien Thema: Hauptdiskussion

Macy’s, Inc. Reports Third Quarter 2017 Earnings Above Prior Year and Re-affirms Full-Year Guidance Nov. 9, 2017 8:00 AM CINCINNATI--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE:M) today reported third quarter 2017 earnings per diluted share of 12 cents, or 23 cents per share excluding restructuring and other costs and non-cash retirement plan settlement charges. This compares with 5 cents per share in the third quarter of 2016, or 17 cents excluding non-cash retirement plan settlement charges. The company also reaffirmed its sales and earnings guidance for full-year 2017. “Overall, we're pleased with the results for the third quarter and we remain on track to meet our full-year sales and earnings guidance for 2017. Importantly, we also saw better gross margin performance primarily due to our tightly controlled inventory position. A highlight of the third quarter was the launch of the new Star Rewards loyalty program - our best customers are responding positively. We also saw continued double-digit growth in digital and are encouraged by the potential of Backstage in Macy’s stores,” said Jeff Gennette, Macy’s, Inc. chief executive officer. “We are excited about our plans for holiday, which is when Macy’s truly shines as a gifting destination. The loyalty program, special in-store experiences and a strong mobile and online presence will help drive holiday sales. We are bringing our fashion authority to bear on holiday trends and have a strong product assortment. Our best customer will also find the convenience she expects and the holiday experiences she loves. Macy’s remains intensely focused on executing all aspects of our North Star Strategy. We expect continued improvement in our trends in the fourth quarter, including a solid lift from loyalty and digital, and intend to head into 2018 with momentum,” continued Gennette. Sales Sales in the third quarter of 2017 totaled $5.281 billion, a decrease of 6.1 percent, compared with sales of $5.626 billion in the third quarter of 2016. The year-over-year decline in total sales reflects, in part, the closure of stores previously announced by the company. Comparable sales on an owned basis were down 4.0 percent in the third quarter and down 3.6 percent on an owned plus licensed basis. Operating Income Macy’s, Inc.’s operating income for the third quarter of 2017 totaled $121 million, or 2.3 percent of sales, compared to $107 million, or 1.9 percent of sales, for the third quarter of 2016. Operating income for the third quarter of 2017 totaled $176 million, or 3.3 percent of sales, excluding restructuring and other costs of $33 million and non-cash retirement plan settlement charges of $22 million. Operating income for the third quarter of 2016 totaled $169 million, or 3.0 percent of sales, excluding non-cash retirement plan settlement charges of $62 million. Operating income for the third quarter included $65 million in book gains related to the sales of real estate compared to $41 million in the third quarter of 2016. Cash Flow Net cash provided by operating activities was $389 million in the first three quarters of 2017, compared with $308 million in the first three quarters of 2016. Net cash used by investing activities in the first three quarters of 2017 was $346 million, compared with $491 million in the first three quarters of 2016. Operating cash inflows net of investing were $43 million in the first three quarters of 2017, compared with cash outflows of $183 million in the first three quarters of 2016. Store Openings/Closings In the third quarter of 2017, the company opened eight new freestanding Bluemercury beauty specialty stores for a total of 135 stores and seven new Macy’s Backstage off-price stores within existing Macy’s stores for a total of 45 locations. During the quarter, the company announced that it will close the following stores in early 2018: Laguna Hills Mall in Laguna Hills, CA; Stonestown Galleria in San Francisco, CA; and Westside Pavilion in Los Angeles, CA. Looking Ahead Macy’s, Inc. reaffirms its previously provided guidance for full-year 2017. The company expects comparable sales on an owned basis to decline between 2.2 percent and 3.3 percent, with comparable sales on an owned plus licensed basis to decline between 2.0 percent and 3.0 percent. Total sales are expected to be down between 3.2 percent and 4.3 percent in fiscal 2017. Total sales for fiscal 2017 reflect a 53rd week, whereas comparable sales are on a 52-week basis. As previously announced in August, the company expects a 1 cent increase in adjusted earnings per diluted share due to the restructuring of our merchandising operations. Macy’s, Inc. now expects adjusted earnings per diluted share of between $3.38 and $3.63 in 2017, excluding the impact of the anticipated settlement charges, restructuring and other costs and net premiums and fees associated with debt repurchases. Excluding the impact of the anticipated fourth quarter gain on the sale of the Union Square Men’s building in San Francisco and the anticipated settlement charges, restructuring and other costs and net premiums and fees associated with debt repurchases, adjusted earnings per diluted share of $2.91 to $3.16 are expected in 2017.

Earnings besser Sales schlechter als erwartet

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Kohls interessiert mich 0, 0000

Falsche Richtung !! Muss ins Grüne !

Kohl's vorbörslich auch schon mal 8% rot

Auf geht's in Richtung 12$

Bin mal heute mittag auf die Zahlen gespannt :-))

Z.B investing.com

Wo kann man eigentlich die Termine für die Q Zahlen finden?

Macy’s Inc Stock Will Kick the Can One More Quarter We'll know in fourth quarter if Macy's stock's restructuring efforts are working By Aaron Levitt, InvestorPlace Contributor | Nov 8, 2017 At this point, the woes for department store giant Macy’s Inc (NYSE:M) have been well-known. Traditional retail is in a funk as more and more shoppers migrate to online and e-commerce sites. That fact has been persistent in Macy’s stock’s continued lower sales and rough earnings reports over the last year or so And that’s not going to change when Macy’s reports earnings on Friday. But that’s OK. For Macy’s stock, it’s all about showing improvement and that its turnaround is starting to move forward in a positive direction. That’s all investors need to see at this point to send the stock moving higher. And they just may get it. Macy’s Stock Looks for Hope On the surface, things look pretty bleak for Macy’s stock. Brick-and-mortar retail has suffered declining sales versus online foes like Amazon.com, Inc. (NASDAQ:AMZN). But while some retailers have navigated the waters successfully, department stores haven’t been so lucky. M’s shopping mall rivals Sears Holding Corp (NASDAQ:SHLD) and J C Penney Company Inc (NYSE:JCP) seem to be knocking on death’s door. For Macy’s, the story is similar. So far this year, M has seen its sales decline by about 4%. That follows a 3.5% decline in 2016 and 3% drop in 2015. Not only are sales dropping like a stone, but they are accelerating. This is not a good sign even in the slightest. And with that, it’s easy to see why Macy’s stock has plunged from a high of $73 down to less than $20 per share today. To combat the problem, Macy’s has undergone a huge restructuring and transformation effort. Macy’s closed 30 underperforming locations last year, underwent cost-containment programs, invested heavily in omnichannel and online strategies and moved Macy’s Backstage off-price business to the forefront. And this doesn’t include the firm’s forays into monetizing its vast real estate portfolio. The retailer recently sold excess space at its store in downtown Seattle for $50 million, while a similar deal at its flagship store in Chicago will fetch more than nine figures. All of these are necessary steps to keep the venerable retailer and mall staple going. The question is whether or not, they are finally working. A Big Fat Maybe for Macy’s Stock The word on the street today is these efforts aren’t exactly working wonders. Macy’s EPS and revenues have been pretty lousy so far in 2017. But the key is that the sales decline moderated in the second quarter of this year. Sure it still was down. But it was only down 2.8% vs. 5.4% in the first quarter. Next Page https://investorplace.com/2017/11/macys-will-kick-can-one-more-quarter/#.WgNtLjy1JFs

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09.11.

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