We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Disappointing 3Q 2015 Revenue Numbers Hammer Macy's Stock

November 11, 2015: 12:00 AM EST
Shares of Macy’s stock fell 14 percent to $40.44, following the retailer’s revelation its profit and sales declined in the third quarter of 2015. According to the company, profit fell 46 percent to $118 million for the quarter ending October 31, compared with $217 million in the same quarter of the previous year. Sales dropped 5 percent to $5.9 billion, below Wall Street forecasts of $6.1 billion.
Alexander Coolidge, "Macy's sales disappoint, explores real estate options", USA Today, November 11, 2015, © USA TODAY, a division of Gannett Satellite Information Network, Inc.
Domains
RETAIL BUSINESS
Operations
Strategy
Geographies
Worldwide
North America
United States of America
Categories
Companies, Organizations
Earnings Release
Developed by Yuri Ingultsov Software Lab.