Macy's, Inc.

So this looks pretty similar to this latest chart.

So in here, it's a composite of Ross stores, Bath & Body Works, Starbucks, Costco, Target, AutoZone, Dine Brands, Brinker, Williams Sonoma, Walmart, Macy's, Gap, Home Depot, Abercrombie, and Kohl's.

And same-store sales, all right, it's up 5.1% year over year.

So where I'm going with this is chart 13, please.

Some of the victims included department stores, cruise lines, apparel stores, and home builders.

Macy's fell five percent despite a strong quarter as the company's third-quarter earnings guidance came in below consensus.

[upbeat jingle] The Dow Jones Industrial Average crumbled three hundred and sixteen point five six points or zero point six zero percent Thursday to fifty-two thousand sixty-four point one zero and is down two point five percent since Friday.

The S&P 500 index lost forty-four point sixty-six points, or zero point five eight percent to seven thousand five hundred and ninety-one point seven zero, and the NASDAQ Composite gave back one hundred and seventy-one point six one points, or zero point six five percent to twenty-six thousand eighty-one point seven two.

It's kind of odd because it's an outdoor mall like in Chi-Town, which means that half the year like you freeze your ass off there.

But it's still, they got, like, a Macy's there, which, you know, it's crazy to me that the flagship Macy's, which, you know, was in the loop because they rebranded Marshall Fields.

Like, that's gone.

Like, the one up in Northbrook is gone.

Starbucks shares, though, were in the red today, down about 1%.

Macy's posted a beat in its latest quarter.

Earnings per share came in 3 cents above expectations at 40 cents, and revenue at $4.87 billion was better than expected.

Its Bloomingdale store saw an 11% same-store sales increase year over year.

Speaking on CNBC, Nichols said the company is going to start focusing on makeovers of its locations and improving the customer experience.

Starbucks shares, though, were in the red today, down about 1%.

Macy's posted a beat in its latest quarter.

Earnings per share came in 3 cents above expectations at 40 cents, and revenue at $4.87 billion was better than expected.

It's kind of odd because it's an outdoor mall like in Chi-Town, which means that half the year like you freeze your ass off there.

But it's still, they got like a Macy's there, which, you know, it's crazy to me that the flagship Macy's, which, you know, was in the loop because they rebranded Marshall Fields.

Like that's gone.

Like the one up in Northbrook is gone.

Welcome back to Next Gen Investing.

It's time to take a look at Macy's earnings with our next guest.

And that's David Schwartz, the senior equity analyst at Morningstar, who's taking a look here at the company with us.

You know, I look at the year that has been so far for Macy's, David, it really seems like an up and down sort of fits and starts sort of a price performance.

I'm curious your thoughts on the most recent quarter.

Yeah, the quarterly results were a little bit better than expected.

The company reported 2.7% same-star sales growth overall.

And that's a couple points better than my expectation.

The S&P 500 dropped a little less than 0.6%.

Macy's reported earnings that beat estimates, and its sales were up 2.7% in the quarter, and yet Macy's shares disrobed 4.7%.

It's not a Macy's thing, though.

Rival Kohl's also went down a size by 4%.

percent.

Meanwhile, don't count out the legacy retailers.

Same-store sales at Macy's rose 2.7% in the second quarter.

That's the fifth straight quarter of growth.

Sales for Macy's luxury Bloomingdale's label surged over 11%.

Jim Ryan, ABC News.

You're tuned in to the Mustang Minute, an in-depth look at the happenings inside USD 498 Valley Heights.