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Macy's offers cautious holiday outlook as company manages turnaround story after best sales growth in 3 years
Yahoo Financeยท 2025-12-03 16:32
Macy's (M) posted better-than-expected third quarter results on Wednesday while offering a cautious outlook for the holiday quarter. The retailer said net sales for the fourth quarter are expected to fall 3%-5% from a year ago to a range of $7.35 billion-$7.5 billion. In the third quarter, Macy's posted revenue of $4.7 billion, in line with last year and slightly more than Wall Street's estimates of $4.6 billion, per Bloomberg consensus data. That's alongside adjusted earnings per share of $0.04, better ...