- M reported fourth quarter net sales of $9.2 billion, compared to last year's Q4 revenues of $9.35 billion; it should be noted that 2012's Q4 contained 14 weeks while 2013's Q4 contained 13. On a comparable basis, M's sales were actually up 1.4%.
- Net income for the quarter came in at $811 million, which marked an increase from last year's Q4 figure of $730 million.
- Macy's reported diluted EPS of $2.16 for its fourth quarter, which is much higher than last year's Q4 EPS of $1.83. On an adjusted basis, EPS came in at $2.31.
- Macy's beat analysts' EPS expectations of $2.17, while revenues were just shy of analysts' expectations of $9.27 billion.
- Looking ahead, Macy's sees FY2014 EPS in the range of $4.40 to $4.50, which is in line with analysts' expectations.
M - Upcoming Dividend Payouts
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Date has passed
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M - Dividend Yield & Stock Price History
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M - Dividend Payout History
Current Annual Payout
Dividend.com DARS Rating™ Breakdown for M
M - Dividend Growth History
Last 5 Yrs
Last 3 Yrs
|Reveal Dividend Growth History for M.||68.1%||18.7%||3 years|
M - Historical Annual Dividend Data & Growth
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M - Historical Dividend Data
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Macy's (M) - News
We have long stressed that the best way to invest is by doing your homework and completing thorough research before making an allocation. When it...
Shares of Macy's, Inc. (M) were down on Wednesday morning after the company reported lower second quarter earnings, which missed analysts'...
Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
Before Wednesday's opening bell, Macy's, Inc. (M) reported first quarter earnings that came in above analysts' estimates. The company also...
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Macy's, Inc. Beats EPS Estimates; Offers Guidance (M)Feb 25, 2014Department store bellwether Macy's (M) reported its fourth quarter earnings before market open today, which beat analysts' earnings estimates and came in slightly below revenue views. M's Earnings in Brief
Macy's, Inc. Announces Job Cuts, Updates Guidance (M)Jan 8, 2014The department store juggernaut, Macy's (M) , issued its EPS guidance for the year ahead while also announcing a slew of layoffs on Wednesday.The company reported that its comparable sales grew by 4.3% in 2013 holiday shopping season spanning November to December, marking a healthy improvement over last year's holiday season during which sales expanded by 3.6%. Management expects for comparable sales to grow between 2.5% and 3% in 2014 while EPS is expected to come in the range of $4.40 to $4.50 compared to the previously expected figure of $4.36. In light of the improved growth prospects, Macy's also announced cost reduction plans in an effort to sustain its growing profitability in the new year. More specifically, the company will be laying off approximately 2,500 employees as a result of new organizational changes and cost-cutting efforts. Additionally, the company announced it will be closing the doors on five Macy's stores in early spring 2014. Terry Lundgren, president and CEO, commented, "The actions being announced today reinforce our focus on continuous improvement in our M.O.M. strategies (My Macy’s localization, Omnichannel integration and Magic Selling customer engagement) and will help us to maximize the impact of the exceptional talent we enjoy at every level of our organization." Macy's shares sank lower on Wednesday, shedding 0.65% as the closing bell rang. The stock has gained upwards of 36% over the past 52-week period.
The Bottom LineShares of Macy's (M) are yielding 1.93% based on Wednesday's closing price of $51.84. Macy's (M) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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