Macy’s, Inc. Announces Dates for Release of First Quarter Results
May 07 2020 - 04:15PM
Business Wire
Macy’s, Inc. (NYSE:M) today announced a schedule for the release
of its first quarter results. Due to the significant business
disruption caused by the COVID-19 pandemic, and the subsequent
impact on the financial statement preparation and reporting
process, the company will release its first quarter earnings
results and hold a related call on July 1, 2020.
To further ensure the timely release of financial information,
the company is planning to provide two updates to the investment
community prior to the release of its results in July.
On May 21, 2020, the company will release preliminary first
quarter sales results pre-market. Later that day, Jeff Gennette,
chairman and chief executive officer, and Paula Price, chief
financial officer, will participate in a fireside chat with Matt
Boss, managing director, senior research analyst at J.P.
Morgan.
On June 9, 2020, the company will release select and preliminary
first quarter financial results pre-market. Later that day,
Gennette will participate in Cowen and Company’s ‘The New Retail
Ecosystem’ virtual conference hosted by managing director and
senior equity research analyst, Oliver Chen.
The updates will be accessible to the media and general public
via webcast. More information and webcast links will be provided on
the company’s website at www.macysinc.com/investors.
“These are unprecedented times for the country, the retail
landscape and Macy's, Inc. To date, we’ve taken a number of
successful actions to protect and improve our financial
flexibility, including significantly reducing expenses, furloughing
the majority of our colleagues and drawing down our $1.5B credit
facility,” said Gennette. “Taken together, these actions allowed us
the time and flexibility to make the right financing decisions for
the company. This process is underway, and we are confident that
new financing will be in place before we need it, allowing us to
extend our financial flexibility over both the short- and
long-term.”
About Macy's, Inc.
Macy’s, Inc. (NYSE: M) is one of the nation’s premier
omni-channel fashion retailers, with fiscal 2019 sales of $24.6
billion. The company comprises three retail brands, Macy’s,
Bloomingdale’s and Bluemercury. Macy’s, Inc. is headquartered in
New York, New York. For more information, please visit
www.macysinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200507006115/en/
Media – Blair Rosenberg media@macys.com
Investors – Mike McGuire investors@macys.com
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