Macy’s closes out a terrible 2020, sees 2021 as ‘a recovery and rebuilding year’

For the final fiscal quarter of the year that ended Jan. 30, Macy’s reported profits of $160 million, or 50 cents a share. It was 80 cents per share if one-time costs are considered, and that was also far better than the per-share forecasts of 11 cents from industry analysts, according to a survey by FactSet.