Macy's Q1 Earnings & Sales Surpass Estimates, Comps Decline Y/Y

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 ...