As Macy’s Inc.
In a note, the firm said, “We estimate 3Q gross margin were flat in 3Q at 39.8% as the company benefits from better inventory control and its Last Act clearance strategy, partly offset by higher shipping costs due to outsized omnichannel growth. We expect investors to hone in on inventory levels exiting the quarter, we are modeling inventory down 3% exiting 3Q.”
The brokerage thinks the conference call would be centered on the market conditions for consumer and May’s plans to deliver comps in the fourth quarter. The firm thinks investors would be keen to understand whether the retailer could deliver sales number if the weather turned positive.
Bank of America expects the company to provide an update on its real estate tactics. This included shutting down of about 100 stores apart from monetizing key assets.
|Nov 2016||OTR Global||Upgrades||Negative||Mixed|
|Oct 2016||Deutsche Bank||Upgrades||Hold||Buy|
|Sep 2016||Guggenheim||Initiates Coverage on||Buy|
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