Macy's(US:M) Zhi Tong Cai Jing·2025-12-03 13:45Core Insights - Macy's exceeded Wall Street expectations in its recent quarterly report, indicating that consumer spending remains strong despite economic concerns [1] - The company raised its earnings guidance for the fiscal year, reflecting confidence in continued consumer demand [2] Financial Performance - Macy's reported third-quarter revenue of $4.7 billion, surpassing the market expectation of $4.56 billion [1] - Adjusted earnings per share were $0.09, significantly better than the analyst forecast of -$0.13 [1] - Comparable sales increased by 3.2%, exceeding the company's previous guidance [1] Strategic Outlook - The company raised its full-year adjusted earnings guidance to a maximum of $2.20 per share, up from a previous maximum of $2.05 [1] - Sales guidance was also increased to a range of $21.5 billion to $21.6 billion, higher than prior estimates [1][2] Market Position and Challenges - Despite strong performance, Macy's stock fell over 6% in pre-market trading, influenced by positive reports from other retailers [1] - The company faces challenges in regaining market share lost to discount retailers and e-commerce platforms since 2012 [2] - Macy's plans to close approximately 150 underperforming stores by 2026 [2] Consumer Trends - Management expects consumer spending momentum to continue, particularly during Black Friday and Cyber Monday [2] - Analysts noted that Macy's is gaining market share from competitors like Saks Global, especially in women's apparel [3]