Macy’s, Inc. (M) has reported first-quarter fiscal 2025 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. However, both metrics decreased from the year-ago quarter figures. Comparable sales (comps) fell on an owned and owned-plus-licensed-plus-marketplace basis.However, in the fiscal first quarter, the company advanced the execution of its Bold New Chapter strategy, scaling key initiatives that enhanced the customer experience and contributed to stronger-than-expected perform ...

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Macy's on Wednesday slashed its annual profit forecast and warned of incoming price hikes to offset President Trump's hefty tariffs. The legacy department store chain now expects adjusted earnings per share of $1.60 to $2 in 2025 — down from its previous forecast of $2.05 to $2.25. Macy's CEO Tony Spring told CNBC about 15 cents to 40 cents per share of that forecast drop is due to the tariffs. 5 Macy's slashed its annual profit forecast and warned of incoming price hikes to offset President Trump's hefty t ...

Macy's (M) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this department store operator would post earnings of $1.55 per share when it actually produced earnings of $1.80, delivering a surprise of 16.13%.Over the last four quarters, the co ...

Macy’s (M) Q1 2026 Earnings Call May 28, 2025 08:00 AM ET Company Participants Pamela Quintiliano - Vice President - Investor RelationsTony Spring - Chairman & CEOAdrian Mitchell - COO & CFOBlake Anderson - Vice PresidentPaul Kearney - VP - Equity ResearchBrooke Roach - Vice President - Equity ResearchAlexandra Straton - Equity Research Managing DirectorDana Telsey - CEO and Chief Research OfficerMichael Binetti - Senior Managing DirectorChuck Grom - Managing Director Conference Call Participants Matthew Bo ...

Macy’s (M) Q1 2026 Earnings Call May 28, 2025 08:00 AM ET Speaker0 Greetings, and welcome to the Macy's Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this call is being recorded. I would now like to turn the call over to Pamela Quintiliano, VP of Investor Relations. Pamela, you may now begin. Speaker1 Thank you, operator. Good morning, everyone, and th ...

Flower Show Tote Bag and Charm @ Macy's 1Q25 Earnings May 28, 2025 Safe Harbor Statement All statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy's, Inc. management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forwa ...

Financial Performance - Macy's, Inc. reported net sales of $4.6 billion, exceeding prior guidance, with a decrease of 5.1% compared to the first quarter of 2024[5]. - Comparable sales were down 2.0% on an owned basis and down 1.2% on an owned-plus-licensed-plus-marketplace basis, surpassing previous guidance[5]. - GAAP diluted EPS was $0.13, and adjusted diluted EPS was $0.16, both above the company's prior guidance range[5]. - Net sales for the 13 weeks ended May 3, 2025, were $4,599 million, a decrease of 5.1% compared to $4,846 million for the same period in 2024[28]. - Total revenue for the same period was $4,793 million, down from $5,000 million, reflecting a decline of 4.1%[28]. - Net income decreased to $38 million, compared to $62 million in the prior year, representing a decline of 38.7%[28]. - Basic earnings per share were $0.14, down from $0.22, a decrease of 36.4%[28]. - Adjusted diluted earnings per share for the 13 weeks ended May 3, 2025, was $0.16, down from $0.27 for the same period in 2024, a decrease of 40.7%[47]. Sales Growth - Bloomingdale's achieved comparable sales growth of 3.0% on an owned basis and 3.8% on an owned-plus-licensed-plus-marketplace basis[5]. - Bluemercury reported a 1.5% increase in comparable sales, marking its 17th consecutive quarter of growth[5]. - Comparable sales for Bloomingdale's increased by 3.0% on an owned basis for the 13 weeks ended May 3, 2025[45]. - The impact of departments licensed to third parties contributed 0.8% to comparable sales on an owned-plus-licensed-plus-marketplace basis for Macy's[45]. - The decrease in comparable sales on an owned basis for Macy's go-forward business was 1.8% for the 13 weeks ended May 3, 2025[45]. - The company experienced a decrease in comparable sales on an owned-plus-licensed basis of 0.8% for the 13 weeks ended May 3, 2025[45]. Financial Returns and Guidance - The company returned approximately $152 million to shareholders, including $51 million in cash dividends and $101 million in share repurchases[5]. - The company expects annual net sales guidance to remain unchanged at $21.0 billion to $21.4 billion for 2025[19]. - Adjusted diluted earnings per share guidance for 2025 is projected to be between $1.60 and $2.00[19]. Operational Metrics - Adjusted EBITDA was $324 million, or 6.8% of total revenue, compared to $364 million, or 7.3% of total revenue in the first quarter of 2024[11]. - Adjusted EBITDA for the 13 weeks ended May 3, 2025, was $324 million, down from $364 million for the same period in 2024, representing a decrease of 11%[46]. - Core Adjusted EBITDA for the 13 weeks ended May 3, 2025, was $308 million, down from $363 million for the same period in 2024, a decrease of 15.1%[46]. Cash Flow and Assets - Cash and cash equivalents at the end of the period were $932 million, down from $1,306 million[30]. - Total assets decreased to $16,089 million from $16,402 million, a decline of 1.9%[30]. - Total current liabilities decreased to $4,387 million from $4,524 million, a reduction of 3.0%[30]. - The company reported a net cash used by operating activities of $64 million, compared to a net cash provided of $129 million in the prior year[33]. - The company incurred $100 million in capital expenditures during the period, down from $154 million in the previous year[33]. Debt and Financial Adjustments - The company reported a loss on extinguishment of debt of $3 million for the 13 weeks ended May 3, 2025[46].

Core Viewpoint - Macy's has reduced its full-year profit guidance despite beating quarterly earnings expectations, citing higher tariffs, increased promotions, and moderation in discretionary spending as reasons for the adjustment [1][2]. Financial Performance - For fiscal 2025, Macy's adjusted earnings per share forecast is now $1.60 to $2, down from $2.05 to $2.25 [2]. - The company reaffirmed its full-year sales guidance of $21 billion to $21.4 billion, a decline from $22.29 billion in the previous year [2]. - In the fiscal first quarter, Macy's net income was $38 million (13 cents per share), down from $62 million (22 cents per share) in the same period last year [2]. - Sales decreased from $4.85 billion in the year-ago quarter [2]. Store Performance and Strategy - Macy's plans to close about 150 underperforming stores by early 2027, with comparable sales across its owned and licensed business declining 2.1% year over year [4]. - Comparable sales for the remaining stores, excluding those set to close, declined 1.9% [4]. - The company has invested in 125 locations, referred to as the "First 50" initiative, to enhance performance through increased staffing and improved merchandise displays [5][6]. Leadership Changes - Macy's announced key leadership changes, including the appointment of Thomas Edwards as the new CFO, effective June 22 [8]. Market Performance - As of the latest close, Macy's shares have decreased by approximately 29% this year, underperforming the S&P 500's nearly 1% gains [9].

Macy’s, Inc. M will release its first-quarter financial results before the opening bell on Wednesday, May 28.Analysts expect the company to report quarterly earnings at 14 cents per share, down from 27 cents per share in the year-ago period and quarterly revenue of $4.5 billion, compared to $4.85 billion a year earlier, according to data from Benzinga Pro.On May 6, Morgan Stanley analyst Alex Straton maintained Macy’s with an Equal-Weight rating and lowered the price target from $14 to $12.With the recent b ...