Macy's Rose over 6% in Morning Trading after Posting a Strong Financial Result

Tiger Newspress2022-02-22

Macy's rose over 6% in morning trading after a strong financial result.

Comparable sales increased 28.3% on an owned basis and were up 27.8% on an owned-plus-licensed basis against the soft pandemic comparable from a year ago.

Digital sales were up 12% compared to a year ago and were up 36% on a two-year comparison. Macy's (M) said it has 7.2M new customers over the last two years.

Gross margin for the quarter was 36.5% vs. 35.8% consensus, 33.7% a year ago and 36.8% two years ago. Improvement as a result of merchandise margin was said to be largely due to benefits from pricing, promotion and inventory productivity enhanced by the Polaris strategy. The gross margin beat also came with some retailers struggling amid supply chain issues and labor inflation

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Aaronboy
2022-02-23
Aaronboy
Ok
Machine23
2022-02-23
Machine23
Ok
SPOT_ON
2022-02-23
SPOT_ON
Ok
GinOng
2022-02-22
GinOng
strong retail demand!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1143442624?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-02-22 22:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143442624","market":"us","top_or_hot":-1,"title":"Macy's Rose over 6% in Morning Trading after Posting a Strong Financial Result","media":"Tiger Newspress","content":"<html><head></head><body><p>Macy&#39;s rose over 6% in morning trading after a strong financial result.<img src=\"https://static.tigerbbs.com/c0a5180aed6f1f51a030509a684c2cbf\" tg-width=\"767\" tg-height=\"563\" width=\"100%\" height=\"auto\"/></p><p>Comparable sales increased 28.3% on an owned basis and were up 27.8% on an owned-plus-licensed basis against the soft pandemic comparable from a year ago.</p><p>Digital sales were up 12% compared to a year ago and were up 36% on a two-year comparison. Macy&#39;s (M) said it has 7.2M new customers over the last two years.</p><p>Gross margin for the quarter was 36.5% vs. 35.8% consensus, 33.7% a year ago and 36.8% two years ago. Improvement as a result of merchandise margin was said to be largely due to benefits from pricing, promotion and inventory productivity enhanced by the Polaris strategy. The gross margin beat also came with some retailers struggling amid supply chain issues and labor inflation</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Macy's Rose over 6% in Morning Trading after Posting a Strong Financial Result</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMacy's Rose over 6% in Morning Trading after Posting a Strong Financial Result\n</h2>\n\n<h4 class=\"meta\">\n\n2022-02-22 22:42 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Macy's rose over 6% in morning trading after a strong financial result.Comparable sales increased 28.3% on an owned basis and were up 27.8% on an owned-plus-licensed basis against the soft pandemic ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"M","symbol_name":"梅西百货","start_time":0,"source_url":"","article_id":"1143442624","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143442624","pubTimestamp":1645540921,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Macy's rose over 6% in morning trading after a strong financial result.Comparable sales increased 28","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"M":"梅西百货"},"translate_title":"梅西百货在公布强劲的财务业绩后，在早盘交易中上涨超过6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"M":0.9},"content_text":"Macy's rose over 6% in morning trading after a strong financial result.Comparable sales increased 28.3% on an owned basis and were up 27.8% on an owned-plus-licensed basis against the soft pandemic comparable from a year ago.Digital sales were up 12% compared to a year ago and were up 36% on a two-year comparison. Macy's (M) said it has 7.2M new customers over the last two years.Gross margin for the quarter was 36.5% vs. 35.8% consensus, 33.7% a year ago and 36.8% two years ago. Improvement as a result of merchandise margin was said to be largely due to benefits from pricing, promotion and inventory productivity enhanced by the Polaris strategy. The gross margin beat also came with some retailers struggling amid supply chain issues and labor inflation","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9097786977,"gmtCreate":1645569344362,"gmtModify":1676534039231,"author":{"id":"3586474193512687","authorId":"3586474193512687","name":"Aaronboy","avatar":"https://static.tigerbbs.com/875e45a6d6b604dfaa34ac175ccbbb29","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586474193512687","authorIdStr":"3586474193512687"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097786977","repostId":1143442624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097719767,"gmtCreate":1645566278555,"gmtModify":1676534038902,"author":{"id":"3574907279320575","authorId":"3574907279320575","name":"Machine23","avatar":"https://static.tigerbbs.com/4e7c812dbe184947690c36d45b6469be","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3574907279320575","authorIdStr":"3574907279320575"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097719767","repostId":1143442624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097710068,"gmtCreate":1645565650491,"gmtModify":1676534038864,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"idStr":"3582922989777578","authorIdStr":"3582922989777578"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097710068","repostId":1143442624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097449128,"gmtCreate":1645541189419,"gmtModify":1676534037564,"author":{"id":"3585489224255758","authorId":"3585489224255758","name":"GinOng","avatar":"https://static.tigerbbs.com/dbc4f4af938fe9cbc71173da2486f50b","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3585489224255758","authorIdStr":"3585489224255758"},"htmlText":"strong retail demand!&nbsp;","listText":"strong retail demand!&nbsp;","text":"strong retail demand!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097449128","repostId":1143442624,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":58,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1143442624"}