Macy's(US:M) Xin Hua Cai Jing·2025-12-04 00:57Group 1 - Macy's reported a net profit of $11 million for Q3 of FY2025, significantly lower than $28 million in the same period last year [2] - The adjusted diluted earnings per share for Q3 was $0.09, better than the previously expected loss of $20 to $15 [3] - The gross margin for the quarter was 39.4%, down from 39.6% year-over-year, primarily due to tariff impacts [3] Group 2 - Net sales for the quarter, including the impact of store closures, were $4.713 billion, a decrease of 0.6% year-over-year, while comparable sales from owned stores increased by 2.5% [3] - The CEO, Tony Spring, stated that Q3 sales were the strongest in the past thirteen quarters, reflecting the acceleration of the company's new strategy [3] - For Q4, Macy's expects net sales between $7.35 billion and $7.5 billion, slightly above market expectations of $7.3 billion, with adjusted diluted earnings per share projected between $1.35 and $1.55, below analyst expectations of $1.58 [3] Group 3 - Macy's faces challenges such as declining foot traffic due to the rapid growth of online retail, the impact of the COVID-19 pandemic, and changing consumer preferences [3] - The company has been forced to undertake significant layoffs and close physical stores in recent years [3] - In February 2024, Macy's announced a strategic adjustment to continue closing stores while expanding online sales channels, small-format stores, and high-end retail [3]