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Macys

Qualcomm

Financial Analysis

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QCOM

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QCOM reported FY26 Q2 (quarter ended Mar 2026) after the U.S. close on Apr 30 (Beijing time). Key takeaways: 1) Core metrics.Revenue was $10.6bn, down 3.5% YoY, in line with consensus ($10.56bn). The renewed decline reflected a sluggish downstream handset market.GPM was 53.8% (-120bps YoY), below consensus at 54.6%. Amid memory shortages...

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Apple

QCOM: Can the AI boost offset handset softness?

Conference Minutes

Below is Dolphin Research's Trans of Qualcomm's FY2026 Q1 earnings call. For our earnings analysis, see 'Qualcomm: Memory Crunch Deepens — Are Handset Stocks Doomed?'.Key takeaways: 1) Memory shortage. Over the next few quarters, the smartphone industry will face constrained DRAM supply and higher prices. As memory suppliers shift capacity to HBM to meet AI data-center demand, shortages and price hikes are emerging, which could determine the industry's overall scale this fiscal year.2) OEMs. Several smartphone makers are adopting a cautious stance, especially Chinese brands. ...

QCOM (Trans): Memory Shortage; Smartphone OEMs Cutting Production Plans

QCOM reported FY2026 Q1 results (quarter ended Dec 2025) in after-hours trading on Feb 5 (Beijing time). Key takeaways: 1) Core metrics.Revenue was $12.25bn, up 5% YoY, in line with market expectations ($12.2bn). Growth decelerated again this quarter, mainly due to a sluggish downstream smartphone market.GPM was 54.6%, down 120bps YoY and below consensus (55.2%). Amid tight memory supply...

QCOM: Memory Crunch Deepens; Smartphone Stocks at Risk?

Macy's Q1 Earnings Beat, Outlook Raised, Wall Street Maintains Sell Rating Amid Macro Concerns

Citigroup Raises Macy's Price Target from $18 to $22

Macy's 于 2026 年 6 月 3 日盘前 (美东时间) 发布 FY2027 Q1 财报，实际营收 48.92 亿 USD (预期 46.13 亿 USD)，实际 EPS 0.23 USD (预期 0.038 USD)

Macy's Q1 Sales Up 1.8%, Raises 2026 Full-Year Sales Forecast to $21.5-21.75 Billion

Macy's Raises Fiscal Outlook, Forecasting Adjusted EPS of $2-$2.20

Macy's Q1 Revenue Hits $4.89 Billion, Beating Market Expectations

Macy's to Release FY2027 Q1 Earnings on June 3, 2026, Pre-Market EST; Forecast Revenue USD 4.613 B, EPS USD 0.038

Macy's Releases Fiscal Year 2025 Report, 'Bolder New Chapter' Strategy Advances

Macy's Reports 12.08% Growth in Earnings Per Share for Fiscal Year 2025

Macy's Launches AI Shopping Assistant Based on Gemini

Macy's released FY2026 Q4 earnings on March 18 Pre-Market (EST), actual revenue USD 7.916 B (forecast USD 7.508 B), actual EPS USD 1.84 (forecast USD 1.4833)

Macy's released FY2026 earnings on March 18 Pre-Market (EST), actual revenue USD 22.62 B (forecast USD 21.63 B), actual EPS USD 2.32 (forecast USD 1.99)

Macy's Reports Q4 Earnings Beat Estimates and Announces Strategic Expansion

Macy's projects Q1 net sales

Macy's Q4 Earnings Per Share Missed Expectations

Macy's forecasts weak annual sales and profit

Macy's to Release FY2026 Q4 Earnings on March 18, Pre-Market EST; Forecast Revenue USD 7.483 B, EPS USD 1.4833

Macy's Plans to Lay Off Over 1,000 Employees as It Closes Connecticut Facilities

Macy's Plans to Close 14 Stores to Enhance Operational Efficiency

Macy's Reports Earnings Beat Expectations with Sales Exceeding Estimates for Third Consecutive Quarter

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Ordinary dividend (cash)

Ex Date: 2026.06.15 (EST), Cash dividend 0.1915 USD

Macy's (M.US) Q1 2025 Earnings Conference Call

Macy's (M.US) Q4 2024 Earnings Conference Call

CASY

Casey's is projected to report strong Q4 results with EPS of $3.32 and revenue of $4.34B, continuing its trend of beating forecasts. This positive outlook contrasts with a broader retail sector struggle, where major chains like Apple, Walgreens, and Macy's are closing stores in mid-2026 due to cost pressures and shifting consumer habits. The industry is divided between retailers growing through efficiency and those retrenching amid online competition.

Casey General Stores

Walgreens Boots Alliance

Casey’s poised for Q4 gains amid retail closures

BRK.A

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Berkshire Hathaway disclosed a new $55 million position in Macy's in its Q1 2026 13F filing. Despite Macy's stock falling 50% from its peak and market cap shrinking to $6 billion, the retail giant reported strong Q1 results with revenue of $4.89 billion and adjusted EPS beating estimates by 82%. The company raised full-year guidance and highlighted success in its 'Reimagine' store initiative, suggesting underlying value that attracted Warren Buffett's firm.

- In Q1 2026, Berkshire Hathaway made a notable investment in Macy’s, acquiring a $55 million position despite the retailer’s significant decline since 2015, including a reduction in store count and market capitalization.  
- Macy’s recently reported Q1 earnings that surpassed expectations, with revenue growing 1.8% year-over-year and adjusted EPS jumping 18%, attributed to improved sales and strategic initiatives to revitalize its stores.  
- While recent improvements hint at a recovery, analysts remain cautious, projecting potential downside for Macy's stock amid overall skepticism in the market.

Market Beat

Berkshire Hathaway

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What's Make of Macy's: Berkshire Hathaway's Latest Buy

Macy's reported strong Q1 results, beating earnings and revenue expectations, and raised its full-year outlook. Despite the positive performance and signs of a successful turnaround strategy, Wall Street remained cautious with a muted stock reaction. Analysts maintain a 'Reduce' consensus rating, citing concerns over sustained momentum and macroeconomic uncertainty, while short interest has increased.

Macy's Delivers Strong Q1, Raises Outlook, but Wall Street Remains Cautious

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Berkshire Hathaway CEO Greg Abel sold the firm's remaining Amazon shares and purchased approximately 3 million shares of Macy's. The Amazon sale, partly attributed to departing manager Todd Combs' portfolio adjustments, was not surprising given its small weight in Berkshire's $263 billion portfolio. Conversely, the Macy's investment appears counterintuitive due to the retailer's historical struggles with e-commerce competition and declining foot traffic. However, Berkshire may view Macy's as undervalued, citing improved financial results, strategic store closures, real estate assets, and a low forward earnings multiple compared to industry averages.

- Berkshire Hathaway sold all its Amazon shares, reallocating focus to investing in Macy's, despite its declining retail performance.  
- The decision to divest from Amazon was influenced by its small share in Berkshire's $263 billion portfolio and leadership changes, while Macy's shows recent improvements in sales and earnings.  
- Although Macy's faces challenges, its potential undervaluation and asset worth may attract contrarian investors, even as it does not make the list of top recommended stocks.

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JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

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JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Warren Buffett's Successor, Greg Abel, Dumped Amazon and Bought 3 Million Shares of This Undervalued Stock

Macy's Inc. stock price target raised to $21.11, implying 3% downside. Average target rose from $20.33 to $20.78 based on 9 analysts' estimates. Consensus rating remains 'Hold' across 15 analysts (4 Buys, 10 Holds, 1 Sell).

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Factset Research

Macy's Inc Stock 12‑Month Price Target Raised to $21.11, Implies 3% Downside

Macy's (NYSE:M) experienced unusual options activity with investors purchasing 23,791 call options, a 119% increase over average daily volume. The stock rose 7.2% to $23.38 following strong Q1 earnings that beat estimates and raised FY26 guidance. While analysts have mixed ratings, heavy call buying signals bullish sentiment. Additionally, Macy's announced a quarterly dividend of $0.1915.

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Stock Traders Purchase Large Volume of Macy's Call Options (NYSE:M)

JPMorgan Chase raised Macy's price target from $21 to $27, maintaining a neutral rating. Other analysts like Telsey Advisory Group and Zacks also adjusted targets or ratings recently. The stock rose 6.9% on Thursday. Recent quarterly earnings beat estimates with EPS of $0.13 vs $0.02 expected. Insider sales by CEO Antony Spring and EVP Tracy M. Preston were disclosed for tax withholding purposes.

UBS Group AG

Macy's (NYSE:M) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Macy’s reported a 1.8% YoY increase in Q1 net sales to $4.7 billion, driven by positive comps across its brands. Remodeled stores saw a 2.4% comp rise, while Bloomingdale’s and Bluemercury posted gains of 10.2% and 6.4%, respectively. Net income surged 66% to $63 million despite tariff-related margin contraction. CEO Tony Spring attributed success to differentiated product and experience, noting strong holiday engagement. Analysts highlight improved customer satisfaction and strategic cooperation with Bloomingdale’s as key factors in Macy’s turnaround amidst economic volatility.

retaildive

Macy’s revamped half its stores and customers followed

Macys(M.US)