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AlphaSense
@AlphaSenseInc
Powering the world’s biggest decisions. 7K+ enterprises trust our AI and market intelligence platform to deliver timely insights. (Not investment advice)
Joined September 2013
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$M Earnings: - Macy’s, Inc. net sales of $4.9 billion increased 1.1% versus last year. - Macy’s, Inc. comparable sales1 rose 2.7%, with go-forward comparable sales up 2.8%. - Macy’s comparable sales rose 1.1%, with a 1.9% increase for Reimagine 200 stores. - GAAP diluted EPS was $0.62, up 100%; Adjusted diluted EPS was $0.63, up 14% versus last year excluding a $0.23 net tariff refund benefit. - Bluemercury comparable sales increased 6.2%. - Bloomingdale’s comparable sales increased 11.3% and achieved its highest second-quarter sales volume in the brand’s history. “Our second-quarter performance builds on the progress our colleagues have consistently delivered through our Bold New Chapter strategy,” said Tony Spring, chairman and chief executive officer of Macy’s, Inc. “The investments we're making are driving results across our portfolio, from the continued outperformance of our Reimagine 200 Macy’s stores, to meaningful double-digit growth at Bloomingdale’s and another solid quarter at Bluemercury. As we enter the second half of the year, we remain focused on scaling what is resonating most with customers – exciting brands and assortments and compelling events and experiences. Combined with disciplined execution, we expect these efforts to continue to build a durable foundation for sustainable, profitable growth.”
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