Messi Department Store'S Three Quarter Results Were Not Ideal, But Share Prices Rose Sharply In Double Figures.

According to the world clothing shoes and hats net, Macy 's Inc. (NYSE:M)

The group released its three quarter earnings on Thursday, although the company's core sales were equally poor.

Anticipation, but the positive outlook for the holiday season and the anticipation of EPS supermarkets will stimulate double-digit inflation in share prices.

As of the three quarter of October 28th, Messi's earnings per share were $0.12, excluding restructuring fees, adjusted EPS was $0.23, which was higher than analysts' expectations of $0.19. In the three quarter, the group's same store sales fell 4%, including a 3.6% decline in authorized sales in the same store, which was worse than the 2.6% decline expected by the market, and fell for 11 consecutive quarters.

In the three quarter, Messi's department store earned $5 billion 281 million, a 6.1% decline compared with $5 billion 626 million in the same period last year, but in the middle of the year, Jeff Gennette, Group CEO, said the group

Income has double digit growth, which has increased for 33 consecutive quarters.

He also said that the group's strong network image, customer experience and loyalty plan will ensure that brand stores are still the ideal shopping destination for consumers.

He expects the four quarter of the company's electricity business continued double-digit growth, but the same store sales will continue to decline.

JPMorgan Morgan chase analyst said that this means that the same quarter sales of Messi's department store in the four quarter will decline by 2%.

In addition to the prospect of holiday season, Messi's profit margin has been improved and investor confidence has been improved. After strict control of cost and inventory, the gross profit margin of the three quarter has increased by 10 basis points over the same period of 39.9%, and the operating profit margin has increased by 40 basis points by 2.3%.

Some good news led investors to venture to buy the US Department Store giant, stimulating Messi stock market to soared 10.98% to $19.50 on Thursday, the biggest one-day gain in a year.

However, some analysts also questioned Messi's future.

Neil Saunders, an analyst at GlobalData Retail, a research firm, said that although Messi's three quarter earnings exceeded expectations, and CEO provided encouraging holiday season expectations, the company still lacked a long-term strategy.

In September 2nd, Messi, from the Ebay Inc. (NASDAQ:EBAY) of the e-commerce giant, dug up executive Hal Lawton to become president of the company, equivalent to the number second of Messi general store group.

He worked in the consulting firm McKinsey&Co. McKinsey and helped home decoration and building materials retailers Home Depot Inc. (NYSE:HD) home depot to pform into an electric giant (nearly $2 billion in online business) Hal Lawton, which was previously a senior vice president of Ebay Inc. in North America. He was responsible for more than 700 sales, marketing, stores, operations, technology, consumer insights and analysis of Messi department store in Messi department store, and he was promoted to the chairman of the Macy Messi Messi department store in the March.

The dual experience of 43 year old Hal Lawton in the retail and e-commerce field will help Messi department store maintain its competitiveness in the face of Amazon.com Inc. (NASDAQ:AMZN) Amazon, and other discount retailers such as TJX Cos.Inc. (NYSE:TJX).

On Thursday's earnings conference, Jeff Gennette again praised the deputy, saying that Hal Lawton was lucky for the company and said that his leadership would have a major impact on the company. At present, the retail industry is at the crossroads of technology.

More interesting reports, please pay attention to the world clothing shoes and hats net.