Latest news with #Macys
Yahoo
7 days ago
- Business
- Yahoo
Macy's (M): A Surprising High-Yield Dividend Stock Under $20
Macy's, Inc. (NYSE:M) is included among the 13 Best Dividend Stocks to Buy Under $20. mandritoiu / The company experienced some growth in the years immediately after the COVID-19 pandemic, but its performance has slowed more recently, with revenue slipping over the past two years. For 2025, the company's first-quarter results topped expectations, though the broader forecast fell short of market hopes. Adjusted earnings were reported at $0.16 per share, slightly ahead of the projected $0.14, while total revenue reached $4.60 billion, exceeding the anticipated $4.50 billion. Macy's, Inc. (NYSE:M) reported a 2.0% decline in comparable sales on an owned basis and a 1.2% drop on an owned-plus-licensed-plus-marketplace basis. Despite the declines, the results exceeded the company's earlier guidance, supported by stronger-than-anticipated performance across all three of its nameplates. The company also made progress on its Bold New Chapter strategy during the quarter, expanding key initiatives that enhanced the customer experience and played a role in the better-than-expected results. Macy's, Inc. (NYSE:M) has remained committed to its shareholder obligation. In the most recent quarter, the company returned $152 million to shareholders, including $51 million in dividends. In addition, it has raised its dividends for four consecutive years. It offers a quarterly dividend of $0.1824 per share and has a dividend yield of 5.99%, as of July 21. While we acknowledge the potential of M as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
Macy's (M): A Surprising High-Yield Dividend Stock Under $20
Macy's, Inc. (NYSE:M) is included among the 13 Best Dividend Stocks to Buy Under $20. mandritoiu / The company experienced some growth in the years immediately after the COVID-19 pandemic, but its performance has slowed more recently, with revenue slipping over the past two years. For 2025, the company's first-quarter results topped expectations, though the broader forecast fell short of market hopes. Adjusted earnings were reported at $0.16 per share, slightly ahead of the projected $0.14, while total revenue reached $4.60 billion, exceeding the anticipated $4.50 billion. Macy's, Inc. (NYSE:M) reported a 2.0% decline in comparable sales on an owned basis and a 1.2% drop on an owned-plus-licensed-plus-marketplace basis. Despite the declines, the results exceeded the company's earlier guidance, supported by stronger-than-anticipated performance across all three of its nameplates. The company also made progress on its Bold New Chapter strategy during the quarter, expanding key initiatives that enhanced the customer experience and played a role in the better-than-expected results. Macy's, Inc. (NYSE:M) has remained committed to its shareholder obligation. In the most recent quarter, the company returned $152 million to shareholders, including $51 million in dividends. In addition, it has raised its dividends for four consecutive years. It offers a quarterly dividend of $0.1824 per share and has a dividend yield of 5.99%, as of July 21. While we acknowledge the potential of M as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
These Retailers Are Raising Prices Because of Trump's Tariffs
Fashion brands and retailers can deal with the increased cost of the White House's additional 'Liberation Day' tariffs in one of three ways: absorb the premiums, yoke them on their suppliers or pass at least a portion of them to their customers as they continue to navigate an extremely trying, fluid and uncertain time. The third route is no longer a hypothetical. A recent study from analytics firm DataWeave found that the prices of apparel have jumped by as much as 2 percent and footwear by almost 4 percent over the past six months. Joor, a digital wholesale platform, also expects brands and retailers to hike up prices by an average of 20 percent. Here are some of the household names that say they're being forced to increase the pain at the till. While Macy's CFO Adrian Mitchell said during the company's earnings call in May that the retailer has been able to glean some supplier discounts and that it's 'absorbing some of that price as well,' CEO Tony Spring told investors later that it would be raising prices on some items to make up for any funding gaps. More from Sourcing Journal Port of LA Sets June Record on 'Tariff Whipsaw'-But Signs Point to Fast Fade Macy's Inc. Refinances and Eases Debt Load EU Leaders 'Prepare for War' Against Trump's Tariffs '[Higher] pricing is working its way into the system slowly,' he said. 'That's why we have taken a more cautious approach to our outlook for the year.' Macy's also now expects adjusted earnings per share of $1.60 to $2 in 2025, down from its previous estimate of $2.05 to $2.25. About 15 to 40 cents per share of that forecast decrease is a result of the tariffs, Spring told CNBC. Mitchell said that Macy's has been reducing exposure to China by renegotiating some orders and canceling others. Some 20 percent of the retailer's offerings originated in China at the close of the last fiscal year, he said. The Just Do It firm told investors late last month that it will have to offset an expected $1 billion tariff-driven increase in costs with a 'surgical price increase' with a 'phased implementation' in the United States beginning this fall. 'These tariffs represent a new and meaningful cost headwind, and we are taking actions that balance the consumer, our partners, our Win Now actions as well as the long-term positioning of our brands in the marketplace,' chief financial officer Matthew Friend said during a fourth-quarter earnings report, with 'Win Now' referring to a strategy CEO Elliot Hill unveiled in March to refer to his turnaround strategy for the sportswear giant. China represents roughly 16 percent of the footwear Nike import into the United States, Friend said, adding that he expects to reduce this to the 'high single-digit range' by the end of fiscal year 2026 with supply from China reallocated to other countries. Imports from China face a 30 percent tariff rate pending an Aug. 12 deadline for returning to higher figures that at their steepest were 145 percent. Nike also faces sticker shock from its other sourcing destinations, including Cambodia (36 percent, down from an original 49 percent), Vietnam (20 percent, down from an original 46 percent), Indonesia (32 percent) and Thailand (36 percent). On April 16, both Chinese-founded e-tailers released near-identical notices informing customers that 'due to recent changes in global trade rules and tariffs,' operating expenses have gone up and so would their prices. 'To keep offering the products you love without compromising on quality, we will be making price adjustments starting April 25, 2025,' the two previous beneficiaries of the de minimis exception said. While some U.S. prices for Shein's ultra-cheap products, according to various calculations, have soared by the triple digits, a Washington Post analysis of nearly 300 women's fashion items sold by the juggernaut found that that prices increased by an average of 43 percent between November and May, adding $2 to a typically $5 dress, for instance. Temu, in May, said it would be mitigating some of the price inflation by transitioning to a 'local fulfillment model' that includes ramping up its recruitment of U.S. sellers. Transactional data shows that consumers might be moving on. Spending at Shein and Temu saw a year-over-year tumble of 10 percent and 20 percent, respectively, for the week ending May 11, according to data analytics firm Consumer Edge. Shein rallied slightly in mid-June, which Consumer Edge attributed to increased patronage—by as much as 50 percent—by older shoppers aged 65 and above. Younger consumers, it said, did not contribute to the rebound, while Temu's 'troubles persist.' Though CEO Brian Cornell said in May that Target would raise prices only as a 'very last resort,' the 'difficulty level has been incredibly high given the rates we're facing and the uncertainty about how these rates in different categories might evolve.' Cornell said that the tariffs were only one in a string of 'massive potential costs' that Target is grappling with. Consumer uncertainty and a massive backlash to the rollback of the diversity, equity and inclusion policies it developed in the aftermath of George Floyd's murder are others. 'Half of what we sell comes from the U.S.,' chief commercial officer Rick Gomez told investors, adding that Target is expanding production both in the United States and in countries outside of China to reduce its exposure to excessive tariffs. Fast Retailing, the Japanese conglomerate that owns Uniqlo, said last week that it plans to raise prices to soften the blow that higher tariffs will enact on its U.S. operation. Most of Uniqlo's products are manufactured in South and Southeast Asia. 'It is unavoidable that we will be significantly affected from autumn and winter,' CFO Takeshi Okazaki said in Fast Retailing's quarterly earnings conference call. 'It will be difficult to absorb all costs. Our approach will be to raise prices where possible and not where it isn't possible, while ultimately focusing on creating a sustainable business that securely generates profits.' Fast Retailing said its operating profit in the three months to May 31 rose 1.4 percent to 146.7 billion yen ($1 billion), below a forecast of 153.8 billion yen. For the current fiscal year to the end of August, however, it expects limited tariff impact because of early shipments of what it says is a 'substantial' amount of products to the U.S. market. Walmart was one of the first retailers to warn consumers in May that prices were going to go up because of tariffs, prompting President Donald Trump to warn the big box in a Truth Social post to 'EAT THE TARIFFS' and 'not charge valued customers ANYTHING.' 'We will do our best to keep our prices as low as possible, but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins,' CEO Doug McMillon said on a call with analysts the same month. Walmart's CFO and executive vice president John David Rainey concurred, telling CNBC on May 15 that the level of tariffs that have been proposed has been 'pretty challenging for all retailers, for suppliers, and certainly our concern is that consumers are going to feel some of that.' He said that products like electronics, toys and food will be affected most. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
Macy's Inc. Refinances and Eases Debt Load
Macy's Inc. is refinancing to ease its debt obligations. On Monday, Macy's said that a subsidiary would offer $500 million worth of unsecured senior notes due 2033, in a private offering. More from WWD Macy's Fourth of July Fireworks Shifts Back to the East River Macy's Inc. Reports Q1 Declines but Came Out Ahead of Guidance Assessing Modern Luxury With Bluemercury's Maly Bernstein The proceeds from the offering, as well as cash on hand, will be used to repay approximately $587 million in senior notes that are maturing while also covering a $175 million tender offer for other debt. Fitch Ratings assigned a BBB- rating to Macy's proposed $500 million of unsecured notes. According to Fitch, 'BBB ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity.' Fitch said the rating reflects Macy's 'industry leadership, good cash flow and reasonable balance sheet management, enabling it to navigate the challenging department store industry and maintain market share.' The agency also cited the need for the retailer to continue repositioning its portfolio, which includes closing about 150 department stores from 2024 to 2026, many of which have already been closed. Fitch does see Macy's and other retailers selling discretionaries experiencing near-term operational challenges due to softening consumer sentiment and the evolving tariff policy. Longer term, the Fitch ratings assumes Macy's can generate annual earnings before interest, taxes, depreciation and amortization of around $1.7 billion to $1.8 billion. 'With $23 billion in 2024 total revenue, Macy's is the clear leader in the U.S. department store space,' Fitch indicated. 'The company's scale, physical and digital infrastructure, cash flow and relationships with vendors and customers are assets that, if used effectively, could allow Macy's to defend market share in a difficult space.…The company has recently demonstrated some success in managing operations and expenses, with Fitch forecasting EBITDA margins around the mid-8 percent range in the medium term, similar to 2019, despite around 10 percent revenue declines and the absorption of cost inflation.' As of the end of first quarter of 2025, Macy's had total debt of $2.8 billion and no material long-term debt maturities until 2027. Fitch said that near-term maturities are 'limited' and include $61 million in 2027 and $176 million due 2028. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns
Yahoo
14-07-2025
- Business
- Yahoo
Macy's, Inc. Announces Pricing of Senior Notes
NEW YORK, July 14, 2025--(BUSINESS WIRE)--Macy's, Inc. (NYSE: M) (the "Company") announced today that its wholly-owned subsidiary, Macy's Retail Holdings, LLC (the "Issuer"), priced an offering of $500 million in aggregate principal amount of 7.375% senior notes due 2033 (the "Notes") in a private offering at an offering price of 100% of the principal amount thereof. The Notes will have a maturity date of August 1, 2033. The closing of the offering of the Notes is expected to occur on July 29, 2025, subject to customary closing conditions. The Notes will be senior unsecured obligations of the Issuer and will be unconditionally guaranteed on a senior unsecured basis by the Company. The Issuer intends to use the proceeds from the offering of the Notes, together with cash on hand, to (i) fund its separately announced concurrent tender offer (the "Tender Offer"), (ii) redeem approximately $587 million of certain of its existing outstanding senior notes and debentures (such redemption, the "Redemption") and (iii) pay fees, premium and expenses in connection therewith and this offering. The Redemption and the Tender Offer are conditioned on, among other things, the consummation of the offering of the Notes. The offering of the Notes, however, is not conditioned on the consummation of the Redemption or the Tender Offer (including the tender of any specified amount of the Company's outstanding senior notes as part of the Tender Offer). This press release does not constitute an offer to purchase, a solicitation of an offer to sell or a notice with respect to any tender offer or redemption of any existing notes. This press release is for informational purposes only and is neither an offer to sell nor the solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering memorandum. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in reliance on Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act or any applicable state securities laws. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. About Macy's, Inc. Macy's, Inc. (NYSE: M) is a trusted source for quality brands through our iconic nameplates – Macy's, Bloomingdale's and Bluemercury. Headquartered in New York City, our comprehensive digital and nationwide footprint empowers us to deliver a seamless shopping experience for our customers. Forward-Looking Statements All statements in this press release regarding the closing of the notes offering and the expected use of proceeds therefrom that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including, but not limited to, general market conditions which might affect the offering, and other factors identified in documents filed by the Company with the Securities and Exchange Commission, including under the captions "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended February 1, 2025 and the Company's Quarterly Report on Form 10-Q for the quarterly period ended May 3, 2025. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View source version on Contacts Media – Chris Grams communications@ Investors – Pamela Quintiliano investors@ Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
