Why is it the media talks about how "Macys is taking it in the shorts", but our leftards on this board insist it will not hurt them??
Just another classic example of how ignorant they are to American business norms ................
Most folks like me view Macys as being a butthurt left leaning business, retaliation against Trump for his political view makes them look petty and childish.
No one wants to buy from some corporate entity who acts like a bully ..................
Yes you left are getting known for your bullying tactics along with scores of other socially unacceptable sorts of actions like crucifying whites simply for being white.
You people are lazy, ignorant and your malicious actions in retaliation for stances other than your own are quite evident.
You can at least act like you live in reality, you cam tell yourself it don't matter, but in the end unless you run money you are clueless. Those that do run money are dumping stock at an alarming rate.
Market Pulse
Macy's stock falls after disappointing results trump dividend, buyback increase
Published: May 13, 2015 8:14 a.m. ET
By
TomiKilgore
Reporter
Macy's Inc.'s stock
M, +0.35% slumped 2.4% in premarket trade, as the company's announcement of a dividend hike and increased share buybacks wasn't enough to overcome disappointing first-quarter results. For the quarter ended May 2, earnings declined to $193 million, or 56 cents a share, from $224 million, or 60 cents a share, in the same period a year ago. Revenue fell 0.7% to $6.23 billion. The FactSet consensus was for earnings per share of 62 cents and revenue of $6.32 billion. Same-store sales declined 0.1%, compared with the FactSet consensus for an increase of 1.1%. Among factors mentioned by Chief Executive Terry Lundgren for falling short of sales expectations were delayed shipments from the West Coast port slowdown, severe winter weather, lower levels of spending by international tourists visiting major U.S. cities and temporary disruptions from an omnichannel reorganization. Separately, Macy's said it was increasing its quarterly dividend to 36 cents a share from 31.25 cents, and increasing the share repurchase program by $1.5 billion. The stock has lost 0.6% year to date through Tuesday, while the S&P 500 has gained 2%.