Core Viewpoint - Macy's reported a significant decline in key performance indicators for Q3 of FY2025, primarily due to tariff impacts and changing consumer preferences [2]. Financial Performance - Net income for the third quarter was approximately $11 million, a substantial decrease from $28 million in the same period last year [2]. - Net sales revenue fell by 0.6% year-over-year, totaling around $4.7 billion [2]. - Gross profit margin was reported at 39.4%, lower than the previous fiscal year's margin [2]. Future Outlook - The company expressed a cautious outlook for Q4, anticipating net sales revenue between $7.35 billion and $7.5 billion, which includes the year-end shopping season [2]. - Adjusted diluted earnings per share are expected to be between $1.35 and $1.55, falling short of market expectations [2]. Strategic Adjustments - Macy's has been undergoing significant layoffs and store closures in response to the rapid growth of online retail and shifts in consumer preferences [2]. - In 2024, the company announced a strategic shift to continue closing stores while expanding online sales channels, small-format stores, and high-end retail operations [2].
【环球财经】美国梅西百货三季度净收入显著下滑