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Macy's, Inc.

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Macy’s, whose shares have outpaced the industry in the past six months, has taken several strategic initiatives to adapt to the ongoing changes in the retail landscape. These efforts have aided the company to post earnings beat for the third quarter in row, when it reported fourth-quarter fiscal 2017 results. The big take away from the quarter was comparable sales that rose after declining in the preceding few quarters. Further, management's strategic investments across stores, technology and merchandising are likely to cushion comparable sales. Macy’s has also announced slew of measures revolving around stores closures, cost containment, real estate strategy and investment in omnichannel capabilities to improve performance. Moreover, we believe that focus on private label brands will help augment profit margins. Notably, estimates have witnessed sharp upward revision following the company's upbeat fiscal 2018 earnings view.


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