Macy’s, Inc. (NYSE: M) reported its first quarter 2025 earnings results today.
Net sales decreased 5.1% year-over-year to $4.6 billion.
Comparable sales were down 2% on an owned basis and down 1.2% on an owned-plus-licensed-plus-marketplace basis.
GAAP net income was $38 million, or $0.13 per share, compared to $62 million, or $0.22 per share, last year. Adjusted EPS was $0.16.
Revenue and earnings beat expectations.
For fiscal year 2025, Macy’s expects net sales of $21.0-21.4 billion. Comparable owned-plus-licensed-plus-marketplace sales is expected to be down around 2% to down around 0.5% versus FY2024. The company lowered its outlook for adjusted EPS to a range of $1.60-2.00 versus the previous range of $2.05-2.25.
The stock was up 4% in premarket hours on Wednesday.
The post Key metrics from Macy’s (M) Q1 2025 earnings results first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
