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Macy's delivered a strong set of results surpassing Wall Street expectations in terms of revenues as well as earnings. Its digital traffic remained largely stable during the quarter, but conversion decreased, indicating that while online discovery is still taking place, there has been a change in in-person transactions. Besides, they created permanent Toys "R" Us shop-in-shops within every Macy's site, offering a unique experience not offered nationally anywhere else. Due to their proximity to t
Companies: Macy's (M:NYSE)Macy's, Inc. (M:NYS)
Baptista Research
Despite the increasingly difficult consumer environment, Macy's delivered a decent quarterly result which also happened to be an all-around beat. Its $5.6 billion in quarterly net sales exceeded its projections, despite a 1.6% decline in comparable owned plus licenced sales. The management has made difficult decisions over the past two years as customer demand quickly changed between categories and channels and macroeconomic constraints increased to maintain the organization's stability and heal
Companies: Macy's, Inc. (M:NYS)Macy's, Inc. (0JXD:LON)
Macy’s was faced with a number of challenges since the start of 2022 such as rising inflation, interest rates, a volatile stock market, Covid-19 lockdowns in Asia, and the war in Ukraine. Despite the highly dynamic and uncertain operating environment, the company’s result managed to surpass Wall Street expectations. Their 29.1 million Star Rewards program members accounted for 69% of Macy's brand, owned plus licence sales over the previous 12 months. This is a nearly 6-percentage-point increase
Macy's Inc is facing a challenging macroeconomic environment and is attempting to cope with the same through its Polaris transformation strategy. The company’s business has transformed significantly since the management started laying the groundwork for their Polaris strategy in 2019. While store closures, low margins amidst the inflationary environment, and stifled growth challenges remain, the Polaris strategy is helping the management build a stronger, digitally-led retail business as the ext
Macy's Inc continues to survive in a challenging macro environment with its big silver lining being the Polaris transformation strategy. The company’s business has changed dramatically since they started laying the groundwork for their Polaris strategy in 2019. While story closures, low margins amidst and inflationary environment, and stifled growth challenges remain, the Polaris strategy is helping the management build a stronger, digitally-led retail business as the external environment contin
Macy's delivered another strong quarter, exceeding management's expectations in terms of both, the top and bottom line, outperforming both 2020 and 2019. Its business has shown resilience and thus the management is confident about their ability to deliver on Polaris strategy. The company’s Bloomingdale's business performed well with comparable sales increasing 11.2% on an owned plus licensed basis. The company’s performance has been driven by strong sales of luxury handbags, home, fine jewelry,
Macy's delivered a solid set of results for Q2 demonstrating the power of an omnichannel model with a robust offering of brands, categories, and price points. Its total sales increased 5.9%, an approximately 16 percentage point trend improvement as compared to the 10% decrease in the first quarter of 2021. The management has been successfully analyzing shopping as well as spending patterns, and adjusting buying as well as allocation strategies. Furthermore, they made enterprise-wide data and ana
Macy’s has gained strong momentum over the past few weeks and has reached the target price from our previous report after the increased footfalls resulting from all the Covid-19 restrictions being lifted in many American states. There has been a marked increase in consumer spending in malls and apparel outlets setting Macy’s up for a solid result ahead. The company has made a remarkable turnaround from its pandemic lows and is seeing customers coming back to its departmental stores. The manageme
Research Tree provides access to ongoing research coverage, media content and regulatory news on Macy's, Inc.. We currently have 15 research reports from 2 professional analysts.
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Canaccord Genuity
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Liberum
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Shore Capital
Pinewood’s transition to a pure-play automotive SaaS business is now largely complete. Today we introduce summary forecasts out to FY26 and reiterate the investment case. We see significant opportunity for Pinewood to grow its user base in the UK and internationally whilst generating high EBITDA margins and cash conversion. With a 24.5p special dividend embedded in the current price (payable Q1/Q2), the effective price today is 12.3p. Based on the Group’s FY27 target of £27m EBITDA, we estimate
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Zeus Capital
Domino’s Pizza Group’s (DOM’s) new CEO has set an ambitious long-term growth target, including an acceleration in its net store opening programme. With better alignment between the company and its franchisees, management believes DOM should be capable of generating improved profit growth, versus that achieved in recent years, and potential higher returns.
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Edison
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On 9 January last year, we set out our ten top stock picks for 2023, for what turned out to be another relatively poor twelve months for UK equities due to two wars, stubbornly high inflation and further tightening of monetary policy. This was even as other major markets, such as the US, largely recovered in the year. In the 2023 calendar year, the AIM All-Share index fell 8.2% and is still 42% off its 2021 high. From the release of our 2023 top picks note, the average total return (assuming div
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Vertu is the fourth largest automotive retailer in the UK, with 188 sales outlets and a track record of cross-cycle growth, principally through businesses it has acquired, funded by equity, debt and most importantly cash generation. Vertu operates across the entire vehicle lifecycle, including new and used vehicle sales, and vehicle servicing, repair and parts. Service and repair is a 40+% gross margin repeating business. With economic headwinds, the transition to electric vehicles, recent overs
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Progressive Equity Research
Dunelm Group’s (DNLM’s) H124 results demonstrated the benefits of its strategy of broadening its addressable market by strengthening the core offer and expanding into newer categories, while also growing the store base and marketing more effectively. This is driving growth in the active customer base, who shop with greater frequency, leading to further market share gains in a static market. The broadening appeal of its products is demonstrated by growth being broad-based by geography, customer a
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17th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi
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Hybridan
React Group is a well-managed, growing UK services business with a high degree of recurring revenues (c87%).
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Dowgate Capital
The Hardman & Co Healthcare Index (HHI) has been running since 2009. Its main function is to highlight the attractions of life sciences investments over the long term. For the second year running, apart from global economic influences affecting world markets, performance in 2023 was dented by the capital-intensive nature of the sector. The HHI fell 3.7%, to 483.8, underperforming the main London markets – FTSE 100 (+3.8%) and FTSE All-Share (3.8%) but outperforming the FTSE AIM All-Share Index (
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Hardman & Co
During 2023, ME Group commenced the deployment of its next generation photobooths, which are integrated with the group’s newly developed proprietary software, gained market leadership in the Japanese photobooth market with an acquisition, continued to roll out laundry units with existing and new location partners, commenced a share buyback programme and gained entry into the FTSE 250. 2023 was a year of significant strategic and financial progress, with sales up 15%, EPS up 31% and net cash main
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Cavendish
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