Macy's Varga to Leave Board; Connelly to Become Lead Independent Director

DoorDash (DASH) stock is down 2.6% in the past week, 30% below its 52-week high. Q2 revenue rose 36% to $4.5B, with adjusted EBITDA up 40% to $914M, but net income fell 30%. The company added Macy's and others to its marketplace and opened a new India hub. A valuation model targets $211, implying 11.6% upside over 2.2 years. Q3 results on November 4 will be key.

S&P revised Macy’s outlook to positive, affirming its BB+ rating, citing 5 quarters of sales growth, margin stability, and successful turnaround. The retailer targets investment-grade status in 12-18 months, focusing on luxury brands and digital investments. S&P forecasts $675M free cash flow in 2026, $450M in 2027, with leverage below 2x.

Berkshire Hathaway's investment in Macy's, a brick-and-mortar retailer, may seem questionable but shows potential. Macy's sales have stabilized, with same-store sales growing 2.7% last quarter, and the company raised its full-year revenue and earnings guidance. Analysts expect revenue to decline slightly but predict efficiency gains will boost earnings. Berkshire's stake, now 7.4 million shares, could be a turnaround play rather than a real estate bet, with Macy's trading at a low P/E ratio of 8

Macy's (M) reported earnings, raised guidance, and completed a multiyear buyback. The stock is down 6.84% in 30 days and 10.36% in 90 days, but up 27.25% in 1 year and 2.3x in 3 years. Analysts estimate a fair value of $22.77, slightly above the current $21.64, suggesting a small discount. The company's growth in luxury and off-price segments supports future revenue growth, but e-commerce competition and margin pressures remain concerns.

Macy's (M) reported Q2 earnings that surpassed expectations, with revenue up 1.1% to $4.9B and adjusted EPS at $0.63. Comparable sales rose 2.7% across Macy's, Bloomingdale's, and Bluemercury. Management highlighted margin expansion, cash flow improvements, and strategic initiatives, while raising full-year guidance. However, third-quarter outlook remains cautious with flat-to-slightly-negative comps and a small EPS loss.

Macy's reported Q2 2026 net sales of $4.9B, up 1.1% YoY, with comparable sales rising 2.7%. All major brands saw growth, with Bloomingdale's up 11.3%. Gross margin increased to 41.5%, and net income nearly doubled. The company raised its FY2026 guidance for sales, EBITDA margin, and EPS. Macy's ended the quarter with $1.3B in cash and $2B in available credit.