{"id":6152,"date":"2024-12-11T15:43:24","date_gmt":"2024-12-11T15:43:24","guid":{"rendered":"https:\/\/stoxpo.com\/?p=6152"},"modified":"2024-12-11T15:43:26","modified_gmt":"2024-12-11T15:43:26","slug":"macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/","title":{"rendered":"Macy&#8217;s Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles"},"content":{"rendered":"\n<h4 class=\"wp-block-heading has-medium-font-size\">Retail giant faces declining sales, activist pressure, and skepticism over its future strategy<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Macy\u2019s (M) unveiled its third-quarter earnings on Wednesday, delivering a mixed bag of results overshadowed by an accounting scandal that delayed the report. While the numbers were mostly in line with preliminary estimates shared last month, the retailer is grappling with declining sales, activist pressure, and questions about its Bold New Chapter strategy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Earnings Recap<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Macy\u2019s reported adjusted earnings per share (EPS) of $0.04, narrowly beating Wall Street\u2019s expectation of $0.03. Net sales fell 2.4% year-over-year to $4.74 billion, just shy of analysts\u2019 $4.75 billion estimate. Same-store sales also dipped 1.3%, slightly better than the forecasted 1.39% decline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The retailer, however, lowered its full-year profit guidance, now expecting adjusted EPS between $2.25 and $2.50, down from a prior range of $2.34 to $2.69. Macy\u2019s attributed the revision to challenging market conditions and ongoing store closures, part of its effort to streamline operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite these efforts, Macy\u2019s stock plummeted 10% in premarket trading on Wednesday. Year-to-date, shares are down 25%, in stark contrast to the S&amp;P 500\u2019s 28% gain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Accounting Scandal Resolution<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The company also concluded an internal investigation into an employee who hid $151 million in delivery expenses over several years. Macy\u2019s confirmed that the individual acted alone and did not seek personal gain. CEO Tony Spring assured stakeholders that the company is strengthening internal controls to prevent future lapses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Importantly, the accounting discrepancies did not impact revenues, cash, or inventory, with all vendors paid on time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Turnaround Strategy Under Fire<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Macy\u2019s rejected a $24.80 per share buyout offer earlier this year, choosing instead to focus on its Bold New Chapter strategy. Yet, the strategy\u2019s results remain underwhelming, with activist investors like Barington Capital Group and Thor Equities increasing pressure for change.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Activist shareholders argue Macy\u2019s is underutilizing its valuable assets, including luxury chain Bloomingdale\u2019s, cosmetics brand Blue Mercury, and its substantial real estate holdings valued at $5\u2013$9 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bloomingdale\u2019s delivered a 1% same-store sales increase at owned locations, driven by strength in apparel, beauty, and e-commerce. Meanwhile, Blue Mercury reported its 15th consecutive quarter of positive sales growth, up 3.3% thanks to robust skincare demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite these bright spots, skeptics remain. \u201cStore closures in the past have not improved same-store sales growth or other metrics,\u201d said Morningstar analyst David Swartz.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What Lies Ahead<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Macy\u2019s expects fourth-quarter net sales between $7.8 billion and $8 billion, a decline from $8.12 billion in Q4 2023. It also plans to close 150 stores, with 65 closures starting this year, alongside asset sales expected to generate $275 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CFO Adrian Mitchell expressed optimism, stating, \u201cThis gives us capital to invest in go-forward locations and return to shareholders.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, analysts like Neil Saunders of GlobalData remain unconvinced. \u201cMost of their plans seem focused on short-term value rather than long-term brand protection,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As Macy\u2019s navigates mounting challenges, including activist demands and consumer shifts toward value-oriented shopping, its turnaround strategy faces an uphill battle. The retailer\u2019s next steps will determine whether it can stabilize its footing or become another cautionary tale in the evolving retail landscape.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You might like this article:<a href=\"https:\/\/stoxpo.com\/index.php\/2024\/12\/10\/walgreens-stock-soars-28-as-sycamore-partners-eyes-takeover\/\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">Walgreens Stock Soars 28% as Sycamore Partners Eyes Takeover<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail giant faces declining sales, activist pressure, and skepticism over its future strategy Macy\u2019s (M) unveiled its third-quarter earnings on Wednesday, delivering a mixed bag of results overshadowed by an accounting scandal that delayed the report. While the numbers were mostly in line with preliminary estimates shared last month, the retailer is grappling with declining [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1512,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"0","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]},"footnotes":""},"categories":[361,321,381],"tags":[420,421,517,518,416,418,417],"coauthors":[454],"class_list":["post-6152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-large-cap","category-retail","category-textiles-apparel-luxury-goods","tag-earnings","tag-growth","tag-m","tag-macys","tag-movers","tag-news","tag-stock-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Macy&#039;s Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles - Stoxpo<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macy&#039;s Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles - Stoxpo\" \/>\n<meta property=\"og:description\" content=\"Retail giant faces declining sales, activist pressure, and skepticism over its future strategy Macy\u2019s (M) unveiled its third-quarter earnings on Wednesday, delivering a mixed bag of results overshadowed by an accounting scandal that delayed the report. While the numbers were mostly in line with preliminary estimates shared last month, the retailer is grappling with declining [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/\" \/>\n<meta property=\"og:site_name\" content=\"Stoxpo\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-11T15:43:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-11T15:43:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/pexels-airam-datoon-12305697-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1707\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Luca Blaumann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Luca Blaumann\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/\"},\"author\":{\"name\":\"Luca Blaumann\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#\\\/schema\\\/person\\\/031a96817fc4447b1046e0a10baad806\"},\"headline\":\"Macy&#8217;s Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles\",\"datePublished\":\"2024-12-11T15:43:24+00:00\",\"dateModified\":\"2024-12-11T15:43:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/\"},\"wordCount\":529,\"publisher\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/pexels-airam-datoon-12305697-scaled.jpg\",\"keywords\":[\"Earnings\",\"Growth\",\"M\",\"Macy's\",\"Movers\",\"News\",\"Stock Market\"],\"articleSection\":[\"Large-Cap\",\"Retail\",\"Textiles, Apparel &amp; Luxury Goods\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/\",\"name\":\"Macy's Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles - Stoxpo\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/pexels-airam-datoon-12305697-scaled.jpg\",\"datePublished\":\"2024-12-11T15:43:24+00:00\",\"dateModified\":\"2024-12-11T15:43:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/#primaryimage\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/pexels-airam-datoon-12305697-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/pexels-airam-datoon-12305697-scaled.jpg\",\"width\":1707,\"height\":2560,\"caption\":\"macy's-storefront\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/2024\\\/12\\\/11\\\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/stoxpo.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Macy&#8217;s Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#website\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/\",\"name\":\"Stoxpo\",\"description\":\"Stock Market &amp; Financial News\",\"publisher\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/stoxpo.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#organization\",\"name\":\"Stoxpo\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/4q4p91-LogoMakr.png\",\"contentUrl\":\"https:\\\/\\\/stoxpo.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/4q4p91-LogoMakr.png\",\"width\":250,\"height\":250,\"caption\":\"Stoxpo\"},\"image\":{\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/stoxpo.com\\\/#\\\/schema\\\/person\\\/031a96817fc4447b1046e0a10baad806\",\"name\":\"Luca Blaumann\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b7bbde6ef0582da5f93c9ff12262ea37de640f314250f9e3cfaeb37e258a563a?s=96&d=mm&r=g90dbb3a40c7379bca26d2b3dc92b368b\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b7bbde6ef0582da5f93c9ff12262ea37de640f314250f9e3cfaeb37e258a563a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b7bbde6ef0582da5f93c9ff12262ea37de640f314250f9e3cfaeb37e258a563a?s=96&d=mm&r=g\",\"caption\":\"Luca Blaumann\"},\"description\":\"Luca is a proficient stock market reporter with a passion for dissecting complex market dynamics and uncovering transformative industry developments. With years of experience in leading editorial teams and overseeing coverage of the stock market and publicly traded companies, Luca has honed the ability to translate finance jargon into easily digestible articles. For tips and inquiries, reach out to Luca at tips@stoxpo.com.\",\"url\":\"https:\\\/\\\/stoxpo.com\\\/index.php\\\/author\\\/luca-blaumann\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Macy's Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles - Stoxpo","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/","og_locale":"en_US","og_type":"article","og_title":"Macy's Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles - Stoxpo","og_description":"Retail giant faces declining sales, activist pressure, and skepticism over its future strategy Macy\u2019s (M) unveiled its third-quarter earnings on Wednesday, delivering a mixed bag of results overshadowed by an accounting scandal that delayed the report. While the numbers were mostly in line with preliminary estimates shared last month, the retailer is grappling with declining [&hellip;]","og_url":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/","og_site_name":"Stoxpo","article_published_time":"2024-12-11T15:43:24+00:00","article_modified_time":"2024-12-11T15:43:26+00:00","og_image":[{"width":1707,"height":2560,"url":"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/pexels-airam-datoon-12305697-scaled.jpg","type":"image\/jpeg"}],"author":"Luca Blaumann","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Luca Blaumann","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/#article","isPartOf":{"@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/"},"author":{"name":"Luca Blaumann","@id":"https:\/\/stoxpo.com\/#\/schema\/person\/031a96817fc4447b1046e0a10baad806"},"headline":"Macy&#8217;s Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles","datePublished":"2024-12-11T15:43:24+00:00","dateModified":"2024-12-11T15:43:26+00:00","mainEntityOfPage":{"@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/"},"wordCount":529,"publisher":{"@id":"https:\/\/stoxpo.com\/#organization"},"image":{"@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/#primaryimage"},"thumbnailUrl":"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/pexels-airam-datoon-12305697-scaled.jpg","keywords":["Earnings","Growth","M","Macy's","Movers","News","Stock Market"],"articleSection":["Large-Cap","Retail","Textiles, Apparel &amp; Luxury Goods"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/","url":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/","name":"Macy's Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles - Stoxpo","isPartOf":{"@id":"https:\/\/stoxpo.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/#primaryimage"},"image":{"@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/#primaryimage"},"thumbnailUrl":"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/pexels-airam-datoon-12305697-scaled.jpg","datePublished":"2024-12-11T15:43:24+00:00","dateModified":"2024-12-11T15:43:26+00:00","breadcrumb":{"@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/#primaryimage","url":"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/pexels-airam-datoon-12305697-scaled.jpg","contentUrl":"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/pexels-airam-datoon-12305697-scaled.jpg","width":1707,"height":2560,"caption":"macy's-storefront"},{"@type":"BreadcrumbList","@id":"https:\/\/stoxpo.com\/index.php\/2024\/12\/11\/macys-q3-earnings-tepid-results-amid-accounting-scandal-and-turnaround-struggles\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/stoxpo.com\/"},{"@type":"ListItem","position":2,"name":"Macy&#8217;s Q3 Earnings: Tepid Results Amid Accounting Scandal and Turnaround Struggles"}]},{"@type":"WebSite","@id":"https:\/\/stoxpo.com\/#website","url":"https:\/\/stoxpo.com\/","name":"Stoxpo","description":"Stock Market &amp; Financial News","publisher":{"@id":"https:\/\/stoxpo.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/stoxpo.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/stoxpo.com\/#organization","name":"Stoxpo","url":"https:\/\/stoxpo.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/stoxpo.com\/#\/schema\/logo\/image\/","url":"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/4q4p91-LogoMakr.png","contentUrl":"https:\/\/stoxpo.com\/wp-content\/uploads\/2024\/02\/4q4p91-LogoMakr.png","width":250,"height":250,"caption":"Stoxpo"},"image":{"@id":"https:\/\/stoxpo.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/stoxpo.com\/#\/schema\/person\/031a96817fc4447b1046e0a10baad806","name":"Luca Blaumann","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/b7bbde6ef0582da5f93c9ff12262ea37de640f314250f9e3cfaeb37e258a563a?s=96&d=mm&r=g90dbb3a40c7379bca26d2b3dc92b368b","url":"https:\/\/secure.gravatar.com\/avatar\/b7bbde6ef0582da5f93c9ff12262ea37de640f314250f9e3cfaeb37e258a563a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b7bbde6ef0582da5f93c9ff12262ea37de640f314250f9e3cfaeb37e258a563a?s=96&d=mm&r=g","caption":"Luca Blaumann"},"description":"Luca is a proficient stock market reporter with a passion for dissecting complex market dynamics and uncovering transformative industry developments. With years of experience in leading editorial teams and overseeing coverage of the stock market and publicly traded companies, Luca has honed the ability to translate finance jargon into easily digestible articles. For tips and inquiries, reach out to Luca at tips@stoxpo.com.","url":"https:\/\/stoxpo.com\/index.php\/author\/luca-blaumann\/"}]}},"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/6152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=6152"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/6152\/revisions"}],"predecessor-version":[{"id":6155,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/6152\/revisions\/6155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1512"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=6152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=6152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=6152"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=6152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}