Macy's(US:M)2025-05-28 11:10Financial Performance - Macy's Inc's net sales decreased by 5.1% to $4.6 billion compared to 1Q24[45, 46] - Comparable owned sales decreased by 2.0% versus 1Q24[47, 48] - Comparable owned-plus-licensed-plus-marketplace (O+L+M) sales decreased by 1.2% compared to 1Q24[49, 50] - Adjusted diluted earnings per share (EPS) was $0.16[10, 11] - Gross margin was $1.804 billion, a decrease of 5.1%[57] - Inventory decreased by 0.5% to $4.663 billion[26, 57] Brand Performance - Macy's nameplate comparable O+L+M sales decreased by 2.1% versus 1Q24[15, 56] - Bloomingdale's comparable O+L+M sales increased by 3.8% compared to 1Q24[17, 56] - Bluemercury comparable owned sales increased by 1.5% versus 1Q24[23, 56] Future Outlook - FY25 net sales are projected to be between $21.0 billion and $21.4 billion[67] - FY25 comparable O+L+M sales are expected to decline by 2.0% to 0.5% compared to FY24[67] - 2Q25 net sales are estimated to be between $4.65 billion and $4.75 billion[70]