With COVID issues the company took a massive hit
Macy's reported a net loss of $3.58 billion, or $11.53 per share, compared with net income of $136 million, or 44 cents a share, a year earlier. Excluding one-time charges, it lost $2.03 per share. Revenue declined to $3.03 billion from $5.50 billion a year ago.
2 replies (most recent on top)
And Q1 only covers Feb-Mar-Apr.
Just wait til Q2 closes this month July.
Any bets on more changes - whether staff reduction or store closures?
Where is Genette on that $10B up for grabs now?
Yup. I predict it need to loose 9 billion to be gone. It’s well on its way