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NEW YORK--(BUSINESS WIRE)--Macy's, Inc. Board of Directors Declares Quarterly Dividend.

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One stock to keep an eye on is Macy's (M - Free Report) . M is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 9.15, which compares to its industry's average of 14.12. Over the last 12 months, M's Forward P/E has been as high as 9.61 and as low as 4.69, with a median of 6.13.

Investors should also recognize that M has a P/B ratio of 1.06. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.22. Within the past 52 weeks, M's P/B has been as high as 1.21 and as low as 0.61, with a median of 0.86.

Finally, investors should note that M has a P/CF ratio of 3.47. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. M's P/CF compares to its industry's average P/CF of 7.53. M's P/CF has been as high as 5.04 and as low as 1.92, with a median of 2.70, all within the past year.

These are just a handful of the figures considered in Macy's's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that M is an impressive value stock right now.

Macy’s, Inc. (NYSE:M – Get Free Report) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $22.78.

Several equities analysts have recently issued reports on the company. TD Cowen reaffirmed a “hold” rating on shares of Macy’s in a research report on Monday, September 14th. Weiss Ratings upgraded shares of Macy’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. BTIG Research reaffirmed a “neutral” rating on shares of Macy’s in a report on Friday, September 11th. Wall Street Zen raised shares of Macy’s from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Finally, Citigroup upped their target price on shares of Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th.

View Our Latest Stock Report on M

Macy’s Stock Performance Macy’s stock opened at $22.71 on Thursday. The stock’s 50 day simple moving average is $22.79 and its two-hundred day simple moving average is $22.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 1.59. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 8.32 and a beta of 1.44. Macy’s has a fifty-two week low of $16.69 and a fifty-two week high of $26.58. Macy’s (NYSE:M – Get Free Report) last posted its earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. As a group, analysts expect that Macy’s will post 2.34 earnings per share for the current fiscal year.

Macy’s Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a dividend of $0.1915 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.4%. Macy’s’s dividend payout ratio (DPR) is 28.21%.

Hedge Funds Weigh In On Macy’s A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Macy’s by 23.4% in the 1st quarter. Bank of America Corp DE now owns 978,206 shares of the company’s stock worth $17,696,000 after purchasing an additional 185,678 shares during the period. Royal Bank of Canada raised its stake in Macy’s by 149.3% during the 1st quarter. Royal Bank of Canada now owns 175,506 shares of the company’s stock valued at $3,175,000 after buying an additional 105,117 shares during the last quarter. Monument Capital Management bought a new position in shares of Macy’s during the 3rd quarter valued at $2,434,000. Amundi lifted its holdings in shares of Macy’s by 375.7% during the 1st quarter. Amundi now owns 230,041 shares of the company’s stock valued at $4,161,000 after buying an additional 181,684 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Macy’s by 81.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,763,721 shares of the company’s stock valued at $104,266,000 after buying an additional 2,594,549 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

About Macy’s (Get Free Report)

Macy’s, Inc (NYSE:M) is an American omnichannel retailer that sells apparel, accessories, beauty products, home furnishings, jewelry, and other consumer merchandise through department stores, specialty stores, and digital platforms. Its principal brands include Macy’s, Bloomingdale’s, and Bluemercury, a beauty retailer offering cosmetics, skincare, fragrance, and related services.

The company serves customers primarily in the United States through its stores and e-commerce operations. Macy’s offers a mix of national and private-brand merchandise, while Bloomingdale’s focuses on premium and luxury products and Bluemercury operates beauty stores and in-store beauty shops.

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Macy's (M - Free Report) closed the most recent trading day at $22.99, moving +1.41% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.44%.

The department store operator's stock has climbed by 2.67% in the past month, exceeding the Retail-Wholesale sector's gain of 1.66% and the S&P 500's gain of 2.36%.

The investment community will be closely monitoring the performance of Macy's in its forthcoming earnings report. The company is expected to report EPS of -$0.19, down 311.11% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $4.69 billion, showing a 0.54% drop compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $21.81 billion, demonstrating changes of +0.86% and +0.22%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for Macy's. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.22% upward. Right now, Macy's possesses a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Macy's has a Forward P/E ratio of 9.7 right now. This denotes a discount relative to the industry average Forward P/E of 13.9.

The Retail - Regional Department Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 19, this industry ranks in the top 8% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow M in the coming trading sessions, be sure to utilize Zacks.com.

Macy's is a compelling value play amid rising treasury yields and sector rotation toward unloved stocks. M's turnaround is evidenced by positive comp sales and successful execution of its 'Bold New Chapter' plan. Bloomingdale's delivers double-digit comps growth, highlighting strength in Macy's upscale portfolio segment.

Key Takeaways Macy's digital channel supported positive comps, with digital penetration reaching 31% of net sales.Ask Macy's is expanding to store colleagues, supporting product discovery and access to shopping information.Macy's raised its fiscal 2026 outlook as AI and automation helped improve key operational metrics. Macy’s Inc. (M - Free Report) is strengthening its digital capabilities under the Bold New Chapter strategy, with technology playing a larger role in connecting stores, e-commerce and marketplace offerings. Digital remains central to its omnichannel model, while marketplace expansion broadens assortments and fills product gaps. The company is deploying artificial intelligence (AI) across its nameplates to improve product discovery, colleague support and customer engagement, making digital initiatives an increasingly important part of its broader transformation.

In second-quarter fiscal 2026, digital penetration represented 31% of net sales. Macy’s digital channel contributed to positive comparable sales growth, supported by improved brand assortments, fashion positioning, and continued marketplace expansion. Macy’s nameplate comparable sales increased 1.1%, while Reimagine 200 locations delivered 1.9% growth.

A key initiative is Ask Macy’s, its AI-powered conversational shopping assistant. Initially introduced on digital platforms to support discovery, the tool is now being expanded to in-store colleagues. This move could help Macy’s create a more consistent experience across customer touchpoints while giving associates faster access to product and shopping information.

The digital strategy is extending across the portfolio. Bloomingdale’s launched its own AI-powered conversational shopping assistant and delivered 11.3% comparable sales growth. Operationally, Macy’s reported a 7% increase in units processed per hour and a 6.7% improvement in order-to-ship days, supported by ongoing AI and automation initiatives.

Encouragingly, Macy’s raised its fiscal 2026 outlook following the quarter. The company expects net sales of $21.68-$21.83 billion, comparable sales growth of 1-1.5% and adjusted EPS of $2.15-$2.35. The improved guidance, alongside continued digital and operational investments, points to sustained execution of its transformation strategy through the remainder of the year.

Macy’s Price Performance, Valuation & EstimatesShares of Macy’s have risen 30.9% over the past six months compared with the industry’s 25.6% growth. 

Image Source: Zacks Investment Research

From a valuation standpoint, Macy’s is trading at a forward 12-month price-to-sales ratio of 0.28, down from the industry average of 0.51. M has a Value Score of A.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Macy’s fiscal 2026 earnings implies year-over-year growth of 0.9%, while the same for fiscal 2027 indicates an uptick of 5.1%. Estimates for fiscal 2026 and 2027 have been revised upward by 4 cents and 5 cents, respectively, over the past seven days.

Image Source: Zacks Investment Research

Macy’s currently has a Zacks Rank #3 (Hold).

Key PicksWe have highlighted three better-ranked stocks, namely, Kohl’s Corporation (KSS - Free Report) , Target Corporation (TGT - Free Report) and Ross Stores Inc. (ROST - Free Report) .

Kohl’s offers moderately priced apparel, footwear and accessories for women, men and children, along with beauty and home products. The company flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Kohl’s current fiscal-year earnings suggests 24.7% growth from the year-ago actuals. KSS delivered a trailing four-quarter average earnings surprise of 84.8%.

Target Corporation offers guests fashionable, differentiated merchandise and everyday essentials at discounted prices. It currently carries a Zacks Rank of 2 (Buy).

The Zacks Consensus Estimate for Target’s current fiscal-year earnings and sales suggests growth of 37.8% and 5.1%, respectively, from the year-ago actuals. TGT delivered a trailing four-quarter average earnings surprise of 10.5%.

Ross Stores operates as an off-price retailer of apparel and home accessories. The company carries a Zacks Rank #2 at present.

The Zacks Consensus Estimate for Ross Stores’ current fiscal-year earnings and sales indicates growth of 32.7% and 12.4%, respectively, from the year-ago actuals. ROST delivered a trailing four-quarter average earnings surprise of 11.2%.

Macy’s is once again facing the threat of a rival retail brand advertising right in front of its flagship store in Manhattan after its iconic shopping bag sign was torn down there over the summer, The Post has learned.

The awkward prospect comes as Kaufman Realty — which owns space in the corner of the gigantic department store at Broadway and 34th Street — is installing new four-story digital billboards where the gigantic Macy’s bag was perched for 60 years. The sign was torn down in July after the store failed to reach a deal with the real estate firm.

Now Kaufman is courting “big national companies that do billions in annual sales” to advertise on the billboard, according to Meridian Retail Leasing President James Famularo, whom Kaufman hired several months ago.

The iconic Macy’s shopping bag billboard was torn down in July after a 60-year run. Luiz C. Ribeiro for NY Post Kaufman is also looking to potentially lease the tiny space at the base of 1313 Broadway where a Sunglass Hut used to be, Famularo told The Post.

“We are talking to a lot national brands,” he said. “The conversations I’ve been having is that the tenant wants both sides of the billboard to rotate their product on different sides.” 

The coveted corner draws over 240,000 pedestrians per day, and the little retail space is available “for the first time in over 30 years,” according to Meridian’s marketing material.

The Sunglass Hut closed last week after a decades-long run at the location, as did a Burger King below the store and by an entrance to the Herald Square subway. It’s not clear whether Sunglass Hut declined to renew its lease, and the company did not immediately respond to a request for comment.

Kaufman is asking for $2.2 million per year for the 1,300-square-foot-space, according to a source.

Macy’s claims that “to the naked eye, the billboard is on Macy’s department store.” Luiz C. Ribeiro for NY Post Macy’s declined to comment on the latest with the ad space.

“We’re always actively looking for opportunities that promote the Herald Square flagship to New Yorkers, and tourists around the globe,” a spokesperson for the retailer said.

In June, the retailer told The Post it will “soon announce refreshed and dynamic branding for Macy’s Herald Square that honors our heritage while reflecting the future of our flagship.”

That same month, Kaufman CEO Edward Hart said, “We are in discussions with Macy’s, no question about it.” He declined to comment for this article.

Macy’s says it has a “restrictive covenant” tied to the land that prohibits a competitor from advertising at 1313 Broadway. Getty Images Back in 2021, Macy’s sued Kaufman when it learned Amazon was poised to take over the billboard after Macy’s lease for it expired.

“To the naked eye, the billboard is on Macy’s department store,” Macy’s said in the lawsuit filed in state supreme court.

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The company claimed that Kaufman was bound by a “restrictive covenant” that’s filed in the Office of the City Register and said the real estate firm was “forever” prohibited from making an advertising deal with a Macy’s competitor.

Kaufman dismissed Macy’s claims, saying it has “the right to license the sign space to any off-site advertisers” without restrictions.

Amazon ended up not advertising on the billboard.

Macy’s position has not changed, sources with knowledge of the retailer’s thinking told The Post.

SM Energy’s Civitas Merger Is Paying Off, But the Stock’s Run Raises the BarMacy's NYSE: M executives told investors at the Goldman Sachs Global Consumer and Retail Conference that the company’s “A Bold New Chapter” strategy is producing sales growth, improved customer-service metrics and progress across its Macy’s, Bloomingdale’s and Bluemercury banners.

Chairman and Chief Executive Officer Tony Spring said the company is about two and a half years into the strategy, which was designed to improve store productivity, close underperforming locations, strengthen luxury banners and modernize operations. He said Macy’s has posted growth in its Reimagine stores in nine of the last 10 quarters, has recorded five consecutive quarters of growth at the Macy’s banner, and has exceeded its guidance in six quarters.

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Blue-Chip Stocks Are Looking Anything But Boring With Dividends and Big 2026 Gains“The A Bold New Chapter is working,” Spring said, adding that Macy’s store net promoter scores have increased by 10 points since the initiative began.

Reimagine Stores Expand Across the Fleet The Reimagine program began with 50 stores before expanding to additional cohorts of 75 and then 200 stores. Spring said the program combines improvements in merchandising, product presentation, fitting rooms, staffing, store density and price-point assortment.

Oil Above $100 Is Creating a New Opportunity Beyond the Major ProducersMacy’s has added associates in departments including handbags, shoes and fitting rooms, while seeking to offer “more variety, less redundancy” in its merchandise assortment, Spring said. About 60% of Macy’s store base and 75% of Macy’s store business are now included in the Reimagine program.

Chief Operating Officer and Chief Financial Officer Tom Edwards said the investments are capital-light, focused primarily on employees, customer experience, events and marketing. The company has seen sales gains following the initial investments and profitability improvements thereafter, he said.

Edwards added that Macy’s is testing and advancing additional store pilots this year as preparation for further Reimagine expansion in 2027.

Bloomingdale’s Remains a Growth Engine Spring described Bloomingdale’s as a key growth driver, citing double-digit growth in each of the final two quarters of 2025 and growth of more than 9% in the preceding period. He attributed its performance to its strategy, merchandising, leadership, execution and positioning with an advanced contemporary-to-luxury customer.

While disruption among competitors has helped support the banner’s growth, Spring said Bloomingdale’s has been able to capitalize because of its brand assortment, culture and execution. He said growth has been broad-based across apparel, accessories, men’s, home, digital, physical retail, off-price, full-price, marketplace, licensed and owned businesses.

The retailer recently launched its Hotel Bloomingdale’s fall campaign in partnership with The Ritz-Carlton, featuring exclusive merchandise. Spring said the company sees additional opportunities through new Bloomingdale’s locations, Bloomingdale’s The Outlet stores and expanded digital and physical distribution.

Edwards said Bloomingdale’s represents a percentage of the overall company in the high teens and is “nicely profitable,” though the company does not disclose banner-level profitability.

Consumer Trends, Pricing and Inventory Spring said Macy’s customers remain resilient but selective amid macroeconomic uncertainty. He characterized the outlook as likely to remain “choppy,” citing potential inflation, interest-rate, oil-price, geopolitical and weather-related variables.

The company is entering the fall season with inventory up 2.5% in the second quarter, in line with sales growth, Edwards said. Spring pointed to fashion trends including leather, suede, structured handbags, animal prints and boots as potential drivers of demand.

Spring also said Macy’s is seeing softness in plus-size merchandise while other apparel areas remain healthy, which he associated with early effects from GLP-1 use. The impact has appeared more prominently at Bloomingdale’s and in higher-ticket categories, he said.

Average unit retail, or AUR, has increased as Macy’s improves its brand assortment and customer experience, executives said. Spring expects the pace of AUR growth to moderate in the second half as the company laps tariff-related price inflation. Macy’s continues to maintain a range of “best, better, good” price points across its department-store assortment, he said.

Guidance, Margins and Investments Edwards said Macy’s raised both its full-year sales and earnings outlook following its second-quarter results. The company’s earnings-per-share outlook increased to a range of $2.15 to $2.35 from its initial range of $1.90 to $2.10, he said.

Underlying gross margin improved by about 10 basis points in the second quarter, driven by assortment changes and other initiatives, Edwards said. He expects continued support from the base business in the second half, with supply-chain savings contributing more in the fourth quarter than the third quarter.

The company is reinvesting tariff refunds into brand marketing, pilots for future Reimagine stores, selected value and pricing actions, and other strategic initiatives. Spring said Macy’s has targeted price investments in areas where tariff effects and consumer sensitivity were greatest, including furniture and fine jewelry.

Executives also highlighted artificial intelligence as a tool to support sales, customer experience and organizational effectiveness. Edwards said an AI conversational assistant was rolled out first online at Macy’s, then in stores and at Bloomingdale’s, and that customers using it are more engaged and spend more. The company is also using AI to improve inventory-allocation decisions, while evaluating investments based on expected returns.

Looking ahead, Spring said Macy’s remains committed to a go-forward Macy’s store base of roughly 350 locations. The company has closed about 85 stores during the first two years of its strategy, while continuing to invest in omnichannel capabilities, faster delivery and store experiences.

About Macy's (NYSE:M)Macy's, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy's, Bloomingdale's and Bluemercury. Macy's serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale's offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Key Takeaways Macy's Q2 sales rose 1.1%, while comparable sales increased 2.7% amid broader portfolio growth.Macy's raised fiscal 2026 comp-sales guidance to 1-1.5% and adjusted EPS guidance to $2.15-$2.35.Q3 adjusted earnings are expected to show a loss as comparable sales range from a 0.5% decline to 0.5% growth. Macy's, Inc. (M - Free Report) looks inexpensive on a relative basis after shares fell 8.5% in the past three months. At $22.08 on Sept. 11, the stock traded at a forward 12-month price-to-earnings ratio of 9.39, below 13.33 for the Zacks sub-industry, 21.60 for the Zacks sector and 19.84 for the S&P 500.

That discount is backed by better second-quarter execution and raised fiscal 2026 guidance. The caution is the second half, where third-quarter comparable sales are expected to range from a 0.5% decline to a 0.5% increase and adjusted earnings are projected to be negative.

Image Source: Zacks Investment Research

Macy's Valuation is Cheap, But Not Versus Its Own HistoryThe relative valuation discount is clear. Macy's forward 12-month price-to-earnings ratio sits well below its sub-industry and broad-market benchmarks, giving value-oriented investors a reason to keep the stock on the radar.

Its own history is less compelling. Over the past five years, the ratio has ranged from 3.56 to 11.76, with a median of 6.19. The current valuation is above the five-year median, while the shares have already gained 30.3% in the past year.

Q2 Momentum Gives the Discount SupportSecond-quarter net sales increased 1.1% to $4.866 billion and comparable sales rose 2.7%. Excluding the 23-cent net tariff refund benefit, adjusted earnings were 40 cents per share compared with 35 cents a year earlier. Underlying gross margin improved about 10 basis points after excluding tariff refund and tariff-and-fuel effects.

Growth also broadened across the portfolio. Bloomingdale's comparable sales rose 11.3%, Bluemercury increased 6.2% and Reimagine 200 locations gained 1.9%. Macy's ended the quarter with $1.29 billion in cash, while first-half operating cash flow increased to $586 million from $255 million.

Second-Half Growth is the Main ConstraintThird-quarter net sales are projected at $4.65-$4.70 billion, with adjusted earnings expected at a loss of 19-23 cents per share. Macy's raised full-year comparable-sales guidance to growth of 1-1.5% and adjusted earnings guidance to $2.15-$2.35 per share, but management kept its underlying second-half sales assumptions unchanged.

Investment spending also limits near-term operating leverage. Macy's expects selling, general and administrative expenses to rise 1.5-2.25% for fiscal 2026 and plans to reinvest $96 million of tariff refunds in brand building, value initiatives and Reimagine pilots. Fiscal 2025 store closures also create about a $145 million annual sales comparison headwind.

Retail Competition Keeps Execution Risk ElevatedKohl's Corporation (KSS - Free Report) reported a 0.9% second-quarter comparable-sales decline while raising its fiscal 2026 outlook, highlighting the mixed demand backdrop in department-store retail.

Target Corporation (TGT - Free Report) reported 3.8% comparable-sales growth and an 8.7% increase in digital comparable sales in its second quarter. That performance raises the bar for retailers competing on assortment, value and convenience as Macy's works to sustain traffic through fall and holiday.

What Should Investors Do With Macy's Stock?Macy's looks inexpensive relative to its industry and the broader market, but the stock is not unusually cheap compared with its own five-year history. Better execution, luxury-banner momentum and liquidity support the case, while soft third-quarter guidance and a heavy investment agenda argue against treating valuation alone as a buy signal.

The stock currently carries a Zacks Rank #3 (Hold), with a VGM Score of A, Value Score of A, Growth Score of B and Momentum Score of A. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The favorable Style Scores support the value and momentum profile, but they are designed to complement the Zacks Rank. For now, the #3 Rank supports a measured stance until second-half growth and operating leverage become more consistent.

Berkshire Hathaway doesn't pay a dividend. However, former CEO and legendary investor Warren Buffett purchased shares in companies that make payouts.

His successor, Greg Abel, has also purchased a dividend-paying stock this year that investors should examine closely. For those seeking dividends with upside potential, Macy's (M +7.71%) fits the bill.

It's a new equity position for Berkshire this year. As of June 30, Berkshire owned 7.3 million shares valued at $173 million.

Berkshire has certainly shown it likes Macy's stock, but here's why the retailer deserves your consideration.

Image source: Getty Images.

Supporting dividends Macy's raised its quarterly dividend by 5% this year. That increased the payout from $0.1824 to $0.1915 per share. The board of directors has raised dividends annually since 2022. Macy's resumed payments in 2021 after taking the understandable step of suspending them in 2020 following the onset of the COVID-19 pandemic.

The sharp increase this year sends a positive signal about the company's confidence in its ability to maintain the higher rate. Still, it's important to check that it can sustain dividends.

A good measure you can use is the payout ratio, or the dividends as a percentage of earnings. Macy's has a comfortable 29% payout ratio, which should reassure investors.

The stock has an above-average dividend yield, too. Macy's shares yield 3.4% compared to 1.1% for the S&P 500. (^GSPC +0.86%)

Upside potential Macy's share price gained 29.6% over the last year, through Sept. 8. That beat the S&P 500's 18.4% by 11.2 percentage points.

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However, with Macy's in the midst of turning around its business, I think there's more upside potential. Management's "Bold New Chapter" strategy, launched a couple of years ago, included plans to improve the shopping experience, close unprofitable stores, expand its luxury Bloomingdale's and Bluemercury luxury brands, and improve the Macy's brand offerings.

You can see the improvement in the company's sales results. Same-store sales (comps) have been growing, including by 2.8% in the recently reported fiscal second quarter. All brands had positive comps, with Macy's, Bloomingdale's, and Bluemercury posting 1.1%, 11.3%, and 6.2%, respectively.

Importantly, the company's gross margin, excluding tariff refunds, expanded from 41.4% to 41.5%.

Despite these positive results, Macy's shares remain an attractive value opportunity. The stock has a price-to-earnings (P/E) ratio of about 9, a fraction of the S&P 500's P/E of 26.

Macy’s Inc (NYSE:M) Thursday reported its second-quarter results.

Here are some key analyst takeaways:

Guggenheim Securities analyst Simeon Siegel reiterated a Neutral rating on the stock. BTIG analyst Robert Drbul maintained a Neutral rating. Check out other analyst stock ratings.

Guggenheim Securities: Macy’s reported total sales of $4.866 billion, above Street expectations of $4.805 billion, Siegel said in a note. Although gross margins expanded by 180 basis points (bps) year-on-year to 41.5%, topping consensus of 39.6%, this included tariff refunds; excluding them, the gross margin would have missed estimates, he added.

The analyst stated that management’s third-quarter guidance came at:

Net Sales of $4.650-$4.700 billion, bracketing Street expectations of $4.654 billion Adjusted EBITDA margin of 3.7%-4%, below consensus of 5.1% Adjusted earnings showing a loss of between 19 and 23 cents per share, below estimates of a loss of six cents per share These forecasts imply fourth-quarter guidance of sales of $7.477-$7.577 billion, in line with expectations, and adjusted earnings of $1.62-$1.78 per share, below Street’s forecast of $1.81 per share, he further noted.

BTIG: Macy’s adjusted earnings of 63 cents per share included $98 million of tariff refunds, which impacted earnings by a net 23 cents per share, Drbul said. Excluding this, earnings were 40 cents per share, he added.

Read Next

Comps grew by 2.7%, with go-forward comps up 2.8%, making this the fifth consecutive quarter of positive comp growth, the analyst stated. "While some of the tariff refund proceeds will be used to sharpen pricing in select categories like furniture and jewelry, mgmt. indicated that the majority of reinvestment is being directed toward brand building, additional Reimagine pilots, and more customer-facing initiatives," he further wrote.

M Price Action: Shares of Macy’s had risen by 2.29% to $20.97 at the time of publication on Friday.

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Macy's, Inc. (M) Q2 2026 Earnings Call Transcript

Adding higher-priced products and catering to middle- and high-income consumers helped drive sales growth across the Macy's, Inc. brands in the second quarter, executives said Thursday (Sept. 10) during an earnings call.

Macy's, Inc. (NYSE:M) raised its full-year profit outlook after quarterly sales topped analyst estimates, helped by a boost from tariff refunds, even as shares of the department store operator fell 3% on weaker-than-expected guidance.

The company reported second-quarter revenue of $4.9 billion, above the $4.83 billion analysts had expected and up 1.1% from a year earlier.

Adjusted earnings came in at $0.63 per share, including $0.23 from tariff refunds. Excluding the refunds, adjusted earnings per share were $0.40, ahead of the $0.37 estimate and up 14% from a year earlier. GAAP earnings per share doubled to $0.62, also boosted by the refunds.

Adjusted EBITDA, which included the tariff refund benefit, totaled $457 million.

Macy's received $98 million in tariff refunds tied to the International Emergency Economic Powers Act during the quarter, along with $18 million after quarter end, for a total of $116 million.

The net benefit came to $84 million pre-tax, adding $0.23 per share after tax and 180 basis points to gross margin. Gross margin for the quarter was 41.5%, including the refund impact; excluding it, gross margin rose 10 basis points.

Comparable sales rose 2.7% for the quarter. Sales at the company's go-forward business increased 2.8%, while Macy's namesake banner posted a 1.1% comparable sales gain. Bloomingdale's comparable sales jumped 11.3%, and Bluemercury climbed 6.2%.

For fiscal 2026, Macy's now expects revenue of $21.7 billion to $21.8 billion, up from its prior range of $21.5 billion to $21.75 billion but below the $21.91 billion analysts had forecast. The company raised its adjusted EPS guidance to a range of $2.15 to $2.35, from $2 to $2.20, versus a $2.25 estimate. Adjusted EBITDA margin guidance was lifted to 7.8% to 8% from 7.7% to 7.9%, though that range sits below the 8.1% analysts had projected.

Macy's also raised its comparable sales guidance for the year to a range of 1% to 1.5%, up from 0.5% to 1.2%.

Despite the higher guidance, several of the updated targets, including revenue and adjusted EBITDA margin, still fell short of Wall Street's estimates for the year.

The company said its updated guidance reflects plans to reinvest the majority of the tariff refunds, with about $0.05 per share expected to flow through to adjusted earnings per share for the year.

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 300 points on Thursday.

The Dow traded down 0.60% to 52,065.92 while the NASDAQ dipped 0.55% to 26,109.70. The S&P 500 also fell, dropping, 0.54% to 7,595.24.

Leading and Lagging Sectors

Consumer staples shares jumped by 0.6% on Thursday.

In trading on Thursday, materials stocks fell by 1.6%.

Top Headline

Macy’s Inc. (NYSE:M) stock fell around 4% on Thursday after the retailer reported second-quarter fiscal 2026 results that topped Wall Street expectations but issued a weaker-than-expected third-quarter earnings outlook.

Adjusted EPS was 40 cents, excluding a 23-cent net tariff refund benefit, beating the 37-cent consensus estimate. Sales rose 1.1% year over year to $4.866 billion, topping the $4.826 billion estimate.

Trending

For the third quarter, Macy’s expects an adjusted loss of 19 cents to 23 cents per share, compared with an estimated loss of 6 cents. Sales are projected at $4.65 billion to $4.70 billion versus the $4.68 billion estimate.

Equities Trading UP
           

Tenon Medical Inc (NASDAQ:TNON) shares shot up 86% to $4.53 after the California-based medical device company disclosed it repaid its outstanding convertible notes early. Shares of Orchestra Biomed Holdings Inc (NASDAQ:OBIO) got a boost, surging 9% to $5.92. BTIG analyst Marie Thibault upgraded Orchestra BioMed from Neutral to Buy and announced a $10 price target. AeroVironment, Inc. (NASDAQ:AVAV) shares were also up, gaining 7% to $151.00 following upbeat quarterly earnings. Equities Trading DOWN

Cooper Companies Inc (NASDAQ:COO) shares dropped 15% to $53.71 as the company reported mixed third-quarter financial results and cut its FY26 guidance below estimates. Shares of American Eagle Outfitters Inc (NYSE:AEO) were down 13% to $14.70 following second-quarter results. Navan Inc (NASDAQ:NAVN) was down, falling 20% to $20.63. Navan reported upbeat second-quarter fiscal 2027 results, raised its full-year outlook, and announced the acquisition of BoomPop. Commodities

In commodity news, oil traded up 6% to $101.83 while gold traded down 1.3% at $4,403.60.

Silver traded down 5.7% to $64.73 on Thursday, while copper fell 5.1% to $6.5375.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 dipped 0.57%, while Spain’s IBEX 35 Index fell 0.01%, London’s FTSE 100 declined 0.41%, Germany’s DAX dipped 0.59%, while France’s CAC 40 slipped 0.4%.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 0.20%, Hong Kong’s Hang Seng index falling 1.27%, China’s Shanghai Composite falling 0.43% and India’s BSE Sensex gaining 0.19%.

Economics

U.S. producer prices rose 5.4% year-over-year in August, versus the 5.3% rate economists expected and accelerating from July’s 4.8% reading, according to Labor Department data released Thursday. U.S. initial jobless claims fell by 1,000 to 206,000 in the first week of September, compared to market estimates of 205,000. U.S. wholesale inventories increased by 1.3% month-over-month to $958.9 billion in July compared to a revised 0.4% gain in June. U.S. existing home sales declined by 2.0% from the previous month to an annualized rate of 3.98 million units in August. U.S. natural-gas stocks rose 40 billion cubic feet in the week ending Sept. 4, compared to market estimates of a 31-bcf build. Photo via Shutterstock

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Macy's (M - Free Report) came out with quarterly earnings of $0.4 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +8.11%. A quarter ago, it was expected that this department store operator would post earnings of $0.02 per share when it actually produced earnings of $0.13, delivering a surprise of +550%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Macy's, which belongs to the Zacks Retail - Regional Department Stores industry, posted revenues of $4.87 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 0.97%. This compares to year-ago revenues of $4.81 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Macy's shares have lost about 2.5% since the beginning of the year versus the S&P 500's gain of 11.6%.

What's Next for Macy's?While Macy's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Macy's was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.12 on $4.67 billion in revenues for the coming quarter and $2.22 on $21.77 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Regional Department Stores is currently in the top 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Retail-Wholesale sector, Costco (COST - Free Report) , has yet to report results for the quarter ended August 2026. The results are expected to be released on September 24.

This warehouse club operator is expected to post quarterly earnings of $6.48 per share in its upcoming report, which represents a year-over-year change of +10.4%. The consensus EPS estimate for the quarter has been revised 0% higher over the last 30 days to the current level.

Costco's revenues are expected to be $94.78 billion, up 10% from the year-ago quarter.

Macy's NYSE: M reported higher second-quarter sales and profitability, citing continued momentum from its A Bold New Chapter strategy across the Macy's, Bloomingdale's and Bluemercury nameplates. The company raised its full-year outlook after results exceeded its prior guidance, while maintaining its second-half sales assumptions.

American Eagle Outfitters (AEO) posted a "mixed bag" earnings report, according to George Tsilis, who explains why the clothing retailer company is seeing pressure from pinched U.S. consumers. Macy's (M) also traded lower despite posting an earnings beat and increased full-year guidance.

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Macy's (M.N) raised its annual sales and profit forecasts on Thursday after stronger performance at its upmarket Bloomingdale's and Bluemercury ​chains as higher-income shoppers keep spending despite broader economic uncertainty.

Under CEO Tony Spring, ‌the department-store operator has been pursuing its "Bold New Chapter" turnaround strategy focused on its higher-end businesses. It is prioritizing higher-margin products and full-price sales, closing underperforming stores and redirecting resources toward stronger ​markets to improve profitability.

In contrast, growth at its namesake stores, which make ​up the majority of its sales, has been lagging as they depend ⁠more heavily on value-conscious middle-income shoppers.

Macy's now expects fiscal 2026 net sales between $21.68 ​billion and $21.83 billion, compared with its prior forecast of $21.50 billion to $21.75 billion. It also sees ​annual adjusted earnings per share of $2.15 to $2.35, compared with its previous outlook of $2.00 to $2.20 per share.

The company said its forecast still followed a "prudent approach", given a competitive landscape, along with macroeconomic and ​geopolitical factors that could influence discretionary spending. It also accounted for reinvestment in store ​development.

Macy's, which has received about $116 million in tariff refunds so far, including $18 million in the current ‌quarter, ⁠said it aims to invest most of the proceeds in its turnaround efforts and to mitigate fuel price uncertainty.

Shares of the company fell about 2% in premarket trading.

Investors could be looking past the one-time tariff refund benefit and focusing on the company still ​trying to find ​a footing at its ⁠namesake banner, while competition for discretionary dollars is intense, eMarketer analyst Suzy Davidkhanian said.

Second-quarter sales rose 1.1% to $4.87 billion, topping analysts' ​estimate of $4.83 billion, according to data compiled by LSEG.

Comparable sales ​at Bloomingdale's, ⁠which sells luxury apparel, footwear and accessories, rose 11.3%. Those at Bluemercury, which sells beauty and skincare products, grew 6.2%, compared with a 1.1% increase at Macy's namesake stores.

Macy's posted ⁠adjusted ​quarterly profit of 40 cents per share, excluding tariff ​refunds of 23 cents per share. Analysts had expected a profit of 37 cents per share.

Vancouver, British Columbia--(Newsfile Corp. - September 10, 2026) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce preliminary gamma probe equivalent uranium (eU3O8) results from drilling at Gem, one of six tightly-clustered historical uranium deposits at the Copper Mountain Uranium Project in central Wyoming (see Figure 1). Union Pacific and Southern California Edison had intended to mine the project by way of a large-scale conventional process commencing in 1983. These estimates are not chemical assays and remain subject to laboratory verification.

Highlights

Myriad's CEO, Thomas Lamb, commented: "We are delighted with these results. Mineralisation at Gem is indeed near-surface and intervals so far are long with excellent grades. The longest mineralized interval is 34.90 metres (114.5 feet) at 210 ppm eU3O8 from 10.65 m in GEM0002DD, with grades of up to 1,368 ppm eU3O8."

Myriad's current Phase II drill program is designed to achieve two primary objectives:

Verify mineralization that underpins a historical resource estimate1 of 26.63 Mlbs eU3O8 and generate modern data to support a future maiden mineral resource estimate.

The Company believes that Copper Mountain has an Exploration Target2 of 1,111 to 2,971 Mt at 100 ppm eU3O8 or 222 to 594 Mt at 500 ppm eU3O8, and we want to evaluate this exploration upside by testing historical targets identified through drilling in the 1970s and assessing new targets generated by Myriad's own exploration work. This target is described in detail here.

Myriad has now completed three drill holes at Gem for a total of 507 metres (1,663 feet) of drilling.

All three holes intersected multiple broad intervals of near-surface uranium mineralization.

Across the three holes, 21 mineralized intervals exceed 100 ppm eU3O8.

The longest mineralized interval is 34.90 metres (114.5 feet) at 210 ppm eU3O8 from 10.65 m in GEM0002DD.

The highest grade intercepted is 1,368 ppm eU3O8 in hole GEM0002DD.

Best Intervals Above 100 ppm eU₃O₈ Threshold

Hole IDFrom (m)To (m)Length (m)eU3O8 (ppm)eU3O8 (%)Peak Grade (eU3O8 ppm)Depth
(m)GEM0001DD14.3731.1416.761660.01747123.1including21.2324.733.512850.02847123.1GEM0001DD43.1772.5929.412950.03064745.8including48.0556.138.083260.03354152.7including57.5067.7110.213650.03752861.7GEM0002DD10.6545.5534.902100.0211,36816.1including15.8317.051.221,0270.1031,36816.1including22.6925.592.903010.03063623.8GEM0003DD22.6655.8933.222350.02460328.4including23.4226.473.052740.02749325.9including27.2338.8211.583080.03160328.4GEM0003DD60.3070.3610.061610.01636064.8Equivalent uranium (eU3O8) grades are radiometric estimates derived from downhole gamma logging and are not chemical assays. They are preliminary, may be affected by disequilibrium, borehole diameter, casing, water, probe calibration and other borehole conditions, and will be verified by laboratory assay results. Verification will include standard QAQC protocols such as the insertion of blanks, standards (Certified Reference Materials) and duplicates as well as the implementation of chain of custody procedures.The intervals above are selected preliminary radiometric intervals reported above a 100 ppm eU3O8 threshold and are intended to highlight the most material intercepts by length, grade and grade-thickness. They should be read together with Appendix 1, which provides the full interval summaries at the stated reporting thresholds.Reported intervals are downhole lengths and do not represent true widths, which have not yet been determined. The Gem Deposit

The Gem deposit is located approximately 1.6 km (1 mi) south of the main Canning deposit. Several thousand tons of uraniferous granite were reportedly excavated from the Gem Mine in the 1950's by John Jay of Riverton, Wyoming, the original owner. None of the excavated material was milled, and stockpiles adjacent to the mine were reported to average 0.07% eU3O8 (the location has since been remediated by the BLM).

RMEC's activities in the area began in 1973 and consisted of various geophysical and geochemical surveys, surface mapping, and a limited programme of hammer and core drilling. Work in 1979 consisted of the completion of detailed surface mapping and evaluation of the area's potential as a bulk sampling site. Additional drilling defined a resource area which at the time had potential to be a full-scale production pit. Initial resource estimates showed approximately 3.07 million tons of mineralised granite containing 1.44 million pounds eU3O8 at an average grade of 0.023% eU3O8 in the Inferred and Indicated categories using a 100 ppm cut-off (Southard et. al., 1979). A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Myriad is not treating the historical estimate as current mineral resources or mineral reserves.

Uranium mineralisation occurs primarily as pitchblende and coffinite coating fractures within the granite, with secondary uranophane and autunite also observed locally. There is strong structural control on the mineralisation, with the highest grades occurring where faults intersect and fracture density is greatest. The combination of downward-moving uranium-bearing groundwater and upward-migrating hydrocarbons creates reducing conditions, and pyrite is interpreted to be the primary reductant responsible for uranium precipitation. Mineralisation is largely restricted to oxidized and altered granite to depths of roughly 200 ft (~61m) and becomes more sporadic below this main altered zone (Kendall et. al., 1980).

Table 1: Drilled location details at Gem

Borehole IDXYInclinationAzimuthTD (m)TD (ft)GEM0001DD2672944808071-900162.2532GEM0002DD2673864808185-900149.1489GEM0003DD2673864808265-900195.7642Coordinate System: WGS84 UTM13N

Figure 1: Drilled locations at Gem

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6301/313785_35b2713204481bb0_002full.jpg

Downhole Logging

Downhole logging was undertaken by Century Geophysical (Century), a respected downhole probe manufacturer and logging company based in Tulsa, Oklahoma and in business since 1946. Century deployed their "Uranium E-Log Suite", which includes Natural Gamma Ray, Resistivity, Spontaneous Potential (S.P.) and Deviation probes. Borehole deviations were additionally measured using a Gyro Deviation tool, which is unaffected by magnetic influence. Century delivered data in electronic format for each hole including log plots and calculated equivalent uranium grades.

Equivalent Uranium Grade Calculations

Century uses its OREGRADE system to convert raw gamma-ray logs into uranium grade estimates expressed as eU3O8. The process relies on a trial-and-error iterative deconvolution algorithm to model the distribution of radioactivity from gamma-ray log data. Raw gamma counts are normalized and corrected for borehole conditions by applying dead time correction, geometric multipliers for area-based K-factors and linear depth, and environmental corrections such as water factor below the water table and casing factor within cased sections. The system uses synthetic log creation and iterative interval calculations to estimate eU3O8 grades over 15 cm (0.5 foot) intervals. The final output is a grade curve and a printed report that identifies distinct zones and calculates cut-off analyses and best intervals based on grade-thickness product. These estimates remain subject to the limitations of gamma logging and confirmation by laboratory assays.

Historical Resource Estimates

The historical estimate for Gem of 1.44 Mlbs eU3O8 in 3.07 Mt at 234 ppm eU3O8, using a 100 ppm cut-off, was compiled from internal Rocky Mountain Energy Company reports, which are summarised in a report titled "Copper Mountain Exploration Project Report" by Southard, G.G., et. al. (1979). This forms part of the overall historical estimate for Copper Mountain of 26.63 Mlbs eU3O8 in 48.95 Mt at 269 ppm eU3O8, using a 100 ppm cut-off, was compiled from internal Rocky Mountain Energy Company reports, which are summarised in a report titled "Copper Mountain Exploration Project Report" by Southard, G.G., et. al. (1979). A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Myriad is not treating the historical estimate as current mineral resources or mineral reserves.

The historical estimates were completed using polygonal methods based on modelled mineralization geometries. The historical estimates used U.S. Bureau of Mines categories at the time, including terms described as "Inferred" and "Indicated," which are not current CIM terminology and should not be interpreted as current mineral resource categories. Details of the historical resource estimates are available in the current NI 43-101 Technical Report. While the QP has determined that the historical estimates described in this news release are relevant to the Copper Mountain Project Area, are reasonably reliable given the authors and circumstances of their preparation, and are suitable for public disclosure, the estimates are decades old and based on drilling data for which the logs are, as of yet, predominantly unavailable. Readers are cautioned not to place undue reliance on these historical estimates as an indicator of current mineral resources or mineral reserves at the Project Area. Also, while the Copper Mountain Project Area contains all or most of each deposit referred to, some of the resources referred to may be located outside the current Copper Mountain Project Area.

Inherent limitations of the historical estimates include that the nature of mineralization (fracture hosted) makes estimation from drill data less reliable than other deposit types (e.g. those that are thick and uniform). From Myriad Uranium's viewpoint, limitations include that the Company has not been able to verify the original data itself and that the estimates may be optimistic relative to subsequent work which applied a "delayed fission neutron" (DFN) factor to calculate grades. On the other hand, DFN is controversial, in that the approach is viewed by some experts as too conservative. Nevertheless, it was applied in later resource estimations by Union Pacific relating to Copper Mountain. To verify the historical estimates and re-state them as current resources, a program of re-drilling is required to generate new data that can be used to establish the correlation and continuity of geology and grades between boreholes with sufficient confidence to estimate mineral resources.

Exploration Target

The Exploration Target of 1,111 to 2,971 Mt at 100 ppm eU3O8 or 222 to 594 Mt at 500 ppm eU3O8, is based on an assessment completed by the Bendix Field Engineering Corporation ("Bendix") in 1982 on behalf of the U.S Department of Energy ("DOE"). The methodology and outcomes of the study were detailed in two reports, namely "An Exploration Systems Approach to the Copper Mountain Area Uranium Deposits, Central Wyoming" (Hennesy, September 1982), and "Copper Mountain, Wyoming, Intermediate-Grade Uranium Resource Assessment Project Final Report" (Sayala et. al., November 1982). Details of the Exploration Target are available in the current NI 43-101 Technical Report.

Bendix relied on a vast amount of information for their assessment. The information was a combination of data provided by Union Pacific and data collected by Bendix. This included detailed geological studies (general geology, tectono-depositional analysis, structure and metallogeny), surface geochemical studies (lithogeochemical, soil and stream surveys), subsurface geochemical studies (drilling, spectral radiometric probing and core geochemistry), geophysics (radiometric, magnetic and electrical methods) and emanometric (helium and radon) studies. Seven holes (CM-series) were drilled by Bendix in and around the Canning deposit. The data from a further 1,193 holes drilled by RMEC in the Control Area was also supplied to Bendix for their studies.

The data was used to develop a genetic model for uranium mineralisation in the Precambrian and Eocene sedimentary host rock environments, and to develop a structural scoring system in the high-confidence control area to establish the basis for estimations of uranium mineralisation endowment in the total Assessment Area. The model ultimately relied on the relationship between structure and uranium mineralisation, which is the primary style of mineralisation control in granite at Copper Mountain. The scoring system developed for structural favourability (aside from favourable granitic host rock) was based on the following parameters and their potential contribution to structural preparation: 1) the presence of a graben(s); 2) the presence of a major east-west-trending fault zone(s); 3) the presence of fault intersections; 4) the presence of variously oriented subsidiary faults; and 5) positioning along a known or inferred favourable structural trend. The scoring system was applied across the Control Area and compared with known deposit locations.

The QP considers the methodology and basis on which the target range has been estimated to be appropriate and relevant for Myriad's own exploration planning. The potential quantity and grade of the Exploration Target are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the Exploration Target being delineated as a mineral resource.

Qualified Person

The scientific and technical information in this news release, including the eU3O8 methodology and historical disclosure, has been reviewed and approved by George van der Walt, MSc., Pr.Sci.Nat., FGSSA, a "Qualified Person" as defined under NI 43-101. Mr. van der Walt is a Principal Consultant with The MSA Group (Pty) Ltd, an independent consultancy, and is independent of the Company for the purposes of NI 43-101. A Qualified Person has not done sufficient work to verify historical exploration results or to classify the historical estimates referred to in this news release as current mineral resources or mineral reserves, and Myriad is not treating such historical estimates as current mineral resources or mineral reserves.

About Myriad Uranium Corp.

Myriad Uranium Corp. holds a 100% interest in the Copper Mountain Uranium Project in Wyoming, USA. Copper Mountain hosts multiple historic uranium deposits and past-producing mines, including the Arrowhead Mine (approximately 500,000 lbs U₃O₈ produced). Union Pacific conducted extensive exploration and development in the district during the late 1970s, including approximately 2,000 boreholes and advanced mine planning, before the uranium market downturn in 1980. Union Pacific is estimated to have invested approximately C$125 million (2026 dollars) in the project, generating significant historical resource estimates.

A news release detailing a comprehensive assessment of Copper Mountain's uranium endowment by Bendix Engineering for the US Department of Energy published in 1982 can be viewed here.

Myriad holds a 10% free carried interest in the Red Basin Uranium Project, recently sold to 8VC- and Overmatch-backed Subatomic Industries. Red Basin carries significant historical resource estimates from extensive drilling by Occidental Oil in the late 1970s, and also hosts vanadium, which has been designated a strategic and critical mineral by the U.S. government. Note the caution on historical estimates below.

Myriad's 100%-owned Breccia Pipe Project in Arizona comprises at least 23 breccia pipes that are prospective for uranium and REEs. One of the pipes, the Wate Pipe, was previously owned and explored by Energy Fuels and is the subject of a historical resource estimate.

Note: A qualified person has not done sufficient work to classify the Copper Mountain, Red Basin, and Breccia Pipe Project historical estimates as current mineral resources or reserves and Myriad is not treating historical estimates as current resources or reserves. Myriad intends to conduct further work to determine whether the historical estimates can be verified and, if appropriate, supported by current mineral resource estimates.

Forward-Looking Statements

This news release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Company's mineral properties, the proposed work program on the Company's mineral properties and the potential and economic viability of the Company's mineral properties. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: inability to verify historical data, no assurance of defining mineral resources, permitting, drilling delays and changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. The CSE has not reviewed, approved or disapproved the contents of this news release.

APPENDIX 1: Preliminary eU3O8 Grade Interval Summaries at 100, 200 and 500 ppm thresholds
Reported intervals are downhole lengths; true widths have not yet been determined.

100 ppm ThresholdPeak GradeDepthHole IDFrom (m)To (m)Length (m)eU3O8 (ppm)eU3O8 (%)(eU3O8 ppm)(m)GEM0001DD14.3731.1416.761660.01747123.1GEM0001DD37.6938.600.911130.01113038.4GEM0001DD43.1772.5929.412950.03064745.8GEM0001DD87.3788.441.071120.01112287.6GEM0001DD102.76103.370.611840.018241103.1GEM0002DD6.849.432.591590.0162287.2GEM0002DD10.6545.5534.902100.021136816.1GEM0002DD107.43108.951.521130.011146108.7GEM0003DD10.0112.152.131160.01214112.1GEM0003DD14.5815.651.071450.01522015.3GEM0003DD22.6655.8933.222350.02460328.4GEM0003DD58.1758.780.612360.02432758.4GEM0003DD60.3070.3610.061610.01636064.8GEM0003DD71.5873.561.981600.01621572.1GEM0003DD76.6177.981.371720.01722677.1GEM0003DD86.0686.970.913020.03070086.6200 ppm ThresholdPeak GradeDepthHole IDFrom (m)To (m)Length (m)eU3O8 (ppm)eU3O8 (%)(eU3O8 ppm)(m)GEM0001DD21.2324.733.512850.02847123.1GEM0001DD26.8727.480.612680.02730127.2GEM0001DD45.4646.220.764570.04664745.8GEM0001DD48.0556.138.083260.03354152.7GEM0001DD57.5067.7110.213650.03752861.7GEM0001DD69.3971.982.593390.03443871.1GEM0002DD11.1112.791.682330.02327612.1GEM0002DD15.0717.822.746160.062136816.1GEM0002DD22.6925.592.903010.03063623.8GEM0002DD30.4631.681.222590.02633930.8GEM0002DD38.6939.911.222390.02427839.2GEM0003DD23.4226.473.052740.02749325.9GEM0003DD27.2338.8211.583080.03160328.4GEM0003DD40.4941.250.762060.02121440.6GEM0003DD42.1745.373.202750.02838343.3GEM0003DD46.2847.050.763750.03849646.7GEM0003DD47.3548.270.912670.02730547.7GEM0003DD62.7463.660.912410.02430163.1GEM0003DD86.3786.820.464840.04870086.6500 ppm ThresholdPeak GradeDepthHole IDFrom (m)To (m)Length (m)eU3O8 (ppm)eU3O8 (%)(eU3O8 ppm)(m)GEM0002DD15.8317.051.2210270.103136816.11 A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Myriad is not treating the historical estimate as current mineral resources or mineral reserves. See note about historical estimates.
2 The potential quantity and grade of the Exploration Target are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the Exploration Target being delineated as a mineral resource.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313785

Source: Myriad Uranium Corp.

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NEW YORK--(BUSINESS WIRE)--Macy's today launched the fall edition of Find Us At Macy's, its seasonal fashion campaign celebrating the way great style comes together through unexpected combinations of brands, influences and perspectives. At the heart of the campaign is Celebrate American Designers, an exclusive capsule collection featuring six of the most influential voices in American fashion – The Icons: Tommy Hilfiger, Donna Karan, Michael Kors, and The New Guard: Jonathan Cohen, LAPOINTE and.

Wall Street analysts forecast that Macy's (M - Free Report) will report quarterly earnings of $0.37 per share in its upcoming release, pointing to a year-over-year decline of 9.8%. It is anticipated that revenues will amount to $4.82 billion, exhibiting an increase of 0.2% compared to the year-ago quarter.

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain Macy's metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts predict that the 'Revenue- Net Sales' will reach $4.82 billion. The estimate indicates a change of +0.2% from the prior-year quarter.

The consensus estimate for 'Revenue- Other Revenue' stands at $200.24 million. The estimate indicates a year-over-year change of +7.1%.

The collective assessment of analysts points to an estimated 'Revenue- Other Revenue- Credit card revenues, net' of $166.19 million. The estimate suggests a change of +8.6% year over year.

The consensus among analysts is that 'Revenue- Other Revenue- Macy's Media Network revenue, net' will reach $38.34 million. The estimate indicates a change of +12.8% from the prior-year quarter.

Analysts expect 'Revenue- Net Sales- Men?s and Kid's' to come in at $1.03 billion.

It is projected by analysts that the 'Revenue- Net Sales- Women's Apparel' will reach $1.11 billion. The estimate indicates a year-over-year change of +1.2%.

The average prediction of analysts places 'Revenue- Net Sales- Women's Accessories, Shoes, Cosmetics and Fragrances' at $1.97 billion. The estimate indicates a change of +0.6% from the prior-year quarter.

According to the collective judgment of analysts, 'Revenue- Net Sales- Home/Other' should come in at $682.94 million. The estimate points to a change of -7.2% from the year-ago quarter.

Based on the collective assessment of analysts, 'Store Count - Bluemercury (EOP)' should arrive at 171 . The estimate compares to the year-ago value of 173 .

Analysts' assessment points toward 'Store Count - Total Macy's (EOP)' reaching 432 . The estimate compares to the year-ago value of 449 .

Analysts forecast 'Store Count - Consolidated Macy's, Inc. (EOP)' to reach 666 . The estimate compares to the year-ago value of 681 .

View all Key Company Metrics for Macy's here>>>

Over the past month, shares of Macy's have returned -10.6% versus the Zacks S&P 500 composite's +2.1% change. Currently, M carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

The market expects Macy's (M - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on September 10, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis department store operator is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -9.8%.

Revenues are expected to be $4.82 billion, up 0.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Macy's?For Macy's, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +20.81%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Macy's will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Macy's would post earnings of $0.02 per share when it actually produced earnings of $0.13, delivering a surprise of +550.00%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Macy's appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Retail - Regional Department Stores industry, Macy's (M - Free Report) , is soon expected to post earnings of $0.37 per share for the quarter ended July 2026. This estimate indicates a year-over-year change of -9.8%. Revenues for the quarter are expected to be $4.82 billion, up 0.2% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Macy's has remained unchanged. Nevertheless, the company now has an Earnings ESP of +20.81%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Macy's will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Buyers are piling into the retail sector's most beaten-down department store names this week, but the money has to come from somewhere, and one recent momentum winner is paying the price.

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Money is rotating back into beaten-down department store names this Wednesday morning, with buyers paying up for a quarter they discounted just a week ago. The peer spread across the sector shows why this is rotation rather than a retail-wide rally, since the cheap names are climbing while the specialty winner is giving back gains.

Kohl’s (NYSE:KSS | KSS Price Prediction) stock is up 7% to $19.03 in mid-morning trading, reversing the post-earnings selloff that followed its August 26 quarterly report. Also bid up, Macy’s (NYSE:M) stock is climbing 3% to $22.65 as the low-multiple department store cohort catches a bid.

Abercrombie & Fitch (NYSE:ANF) stock is down 2% to $138.50 today, giving back a slice of a very large summer run as buyers fund the rotation by trimming the sector’s momentum leader. Notably, the SPDR S&P Retail ETF (NYSEARCA:XRT) is up 0.8% to $86.60, a small move that confirms today’s action is selective and not a broad sector bid.

Reversal of the Post-Earnings Selloff Kohl’s reported second-quarter results on August 26, delivering net income of $151 million, or $1.28 per diluted share, against adjusted net income of $64 million, or $0.56 per share a year earlier. Moreover, Kohl’s gross margin expanded 305 basis points to 43% with help from roughly $100 million in tariff refunds that flowed through cost of merchandise sold. The stock fell that day despite the beat.

Kohl’s management raised the company’s full-year adjusted EPS guidance to a range of $1.80 to $2.40 and restarted share repurchases, planning up to $100 million of buybacks under an existing $3 billion authorization. The market focused instead on the softer top line, with net sales down 0.9% in the quarter and Sephora sales inside Kohl’s stores down 4%. CEO Michael Bender attributed the Sephora softness to expanded distribution for several established brands that Kohl’s previously carried exclusively, and said newer brands aren’t yet large enough to offset the loss.

Cheap Laggards Bid, Specialty Winner Fades Both valuation and momentum are splitting the trio this morning. Kohl’s stock was down 11% year to date through Tuesday’s close and Macy’s stock was up 1% year to date, both trading like discounted turnaround stories with room to run if operating trends firm up. Abercrombie & Fitch stock had climbed 41% over the past month heading into today, so profit-taking on that run is doing most of the work on the downside for the specialty apparel name.

The SPDR S&P Retail ETF holds Kohl’s at 1.51% of net assets, Macy’s at 1.37%, and Abercrombie & Fitch at 1.42%, so the barely-changed fund reading argues against a broad-basket chase. The mechanism today is a reversal of last week’s Kohl’s reaction combined with rotation into laggards, and holders are funding the trade by trimming the group’s recent winner.

Both Kohl’s and Macy’s trade at cheaper multiples and lower absolute price levels than Abercrombie & Fitch, which gives them more room to snap back on a favorable read. That valuation gap is doing more work than any shared catalyst this morning, and it explains why the buying favors the laggards over the momentum leader in the group.

Position Sizing Amid the Rotation The move rewards patience over chasing. Kohl’s has now delivered five consecutive EPS beats, yet comparable sales remain in decline and the second-quarter margin surprise leaned heavily on tariff-refund proceeds. That combination could make underlying-trend comparisons harder for the next several reports, and holiday-quarter execution could decide whether today’s rebound has staying power.

Investors chasing Kohl’s or Macy’s on today’s snapback should size their positions to match the volatility inherent in low-multiple turnaround retailers, while holders of Abercrombie & Fitch stock should consider whether the recent run compressed the risk-reward before adding on any further pullback. A staged entry across the group makes sense given how quickly this trio has reversed in recent sessions.

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