Macy's Q1 Surprises With Profit Beat And Upgraded Outlook Amid Sales Challenges – Here's The Scoop
Macy's Q1 Surprises With Profit Beat And Upgraded Outlook Amid Sales Challenges – Here's The Scoop
Macy's Inc (NYSE:M) shares are trading higher after the company reported better-than-expected first-quarter adjusted EPS and raised the outlook.
梅西百貨公司（紐約證券交易所代碼：M）股價走高，此前該公司公佈的第一季度調整後每股收益好於預期，並提高了前景。
The company reported a first-quarter FY24 sales decline of 2.7% year-on-year to $4.846 billion, slightly missing the analyst consensus of $4.86 billion.
該公司報告稱，24財年第一季度銷售額同比下降2.7％，至48.46億美元，略低於分析師共識的48.6億美元。
Comparable sales decreased 1.2% on an owned basis and down 0.3% on an owned plus licensed basis. First 50 locations comparable sales, included within go-forward locations comparable sales, gained 3.3% on an owned basis and grew 3.4% on an owned-plus-licensed basis.
自有和許可的可比銷售額下降了1.2％，自有和許可的銷售額下降了0.3％。前50個地點的可比銷售額，包括未來地點的可比銷售額，自有銷售額增長了3.3％，在自有加許可的基礎上增長了3.4％。
The operating margin was 2.5% versus 4.7% last year. Operating income for the quarter declined 48.8% to $125 million.
營業利潤率爲2.5％，去年爲4.7％。該季度的營業收入下降了48.8％，至1.25億美元。
The gross margin was 39.2%, down 80 basis points from the first quarter of 2023. Adjusted EBITDA was $364 million versus $468 million last year.
毛利率爲39.2％，比2023年第一季度下降80個點子。調整後的息稅折舊攤銷前利潤爲3.64億美元，去年同期爲4.68億美元。
Adjusted EPS of $0.27 beat the analyst consensus of $0.15.
調整後的每股收益爲0.27美元，超過了分析師共識的0.15美元。
Macy's held $876 million in cash and equivalents as of May 4. Operating cash flow for three months totaled $129 million. Merchandise inventories were up 1.7% versus the first quarter of 2023.
截至5月4日，梅西百貨持有8.76億美元的現金及等價物。三個月的運營現金流總額爲1.29億美元。與2023年第一季度相比，商品庫存增長了1.7％。
"We are encouraged by our customers' response to our Bold New Chapter strategy resulting in sales near the high end of our outlook," said chairman and CEO Tony Spring.
董事長兼首席執行官託尼·斯普林表示：“客戶對我們大膽的新章節戰略的反應使銷售額接近我們前景的高端，這讓我們感到鼓舞。”
Macy's regular quarterly dividend of 17.37 cents per share is payable July 1 to shareholders of record on June 14.
梅西百貨每股17.37美分的定期季度股息將於7月1日支付給6月14日的登記股東。
Outlook: Macy's updated FY24 sales outlook from $22.2 billion – $22.9 billion to $22.3 billion – $22.9 billion, against the consensus of $22.81 billion.
展望：梅西百貨更新了24財年的銷售前景，從222億美元至229億美元至229億美元增至229億美元，而市場普遍預期爲228.1億美元。
The company raised FY24 adjusted EPS guidance from $2.45 – $2.85 to $2.55 – $2.90 versus the Street view of $2.62.
該公司將24財年調整後的每股收益預期從2.45美元至2.85美元上調至2.55美元至2.90美元，而華爾街景觀爲2.62美元。
Macy's currently sees FY24 comparable owned-plus-licensed-plus-marketplace sales of -1% to +1.5%.
梅西百貨目前預計，24財年自有加許可加市場的可比銷售額爲-1％至+ 1.5％。
Price Action: M shares are trading higher by 3.97% at $19.86 in premarket at the last check Tuesday.
價格走勢：在週二的最後一次盤前盤中，M股交易價格上漲3.97％，至19.86美元。
Photo via Wikimedia Commons
照片來自維基共享資源