In a retail world where growth is harder to come by, Macy's is prioritizing stability over expansion, adjusting to the realities of a more competitive and unpredictable market. Macy's fourth-quarter results released Thursday (March 6) reflect a retail landscape where resilience is the key due to uncertain external factors and cautious consumers.
M's fiscal fourth-quarter results reflect lower y/y revenues. The gross margin decline 80 basis points to 35.7% in the quarter.
Retail stock Macy's Inc (NYSE:M) is down 1.9% at 13.05, earlier hitting a 52-week low of $12.60.
Retail stock Macy's Inc (NYSE:M) is down 1.9% at 13.05, earlier hitting a 52-week low of $12.60.
Macy's, Inc. (NYSE:M ) Q4 2024 Earnings Conference Call March 6, 2025 8:00 AM ET Company Participants Pamela Quintiliano - Vice President, Investor Relations Tony Spring - Chairman & Chief Executive Officer Adrian Mitchell - Chief Operating Officer & Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Ashley Helgans - Jefferies Oliver Chen - TD Cowen Dana Telsey - Telsey Advisory Group Tracy Kogan - Citigroup Operator Greetings, and welcome to the Macy's, Inc. Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Macy's (M) give a sense of how its business performed in the quarter ended January 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Macy's (M) came out with quarterly earnings of $1.80 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $2.45 per share a year ago.
The retailer said it's taking a “prudent” approach to its outlook as it warns of a profit shortfall.
Macy's reports an earnings beat for the quarter but narrowly misses Wall Street's sales forecast.
Macy's forecast annual sales and profit below Wall Street's expectations on Thursday, joining several U.S. retailers in signaling that shoppers were holding off buying apparel and accessories in the face of economic uncertainty.
Macy's beat Wall Street's earnings expectations but fell short on revenue as CEO Tony Spring works through his plan to revitalize the business. The company's so-called "First 50" locations – the stores that Macy's is devoting more resources to as part of its turnaround plan – outperformed the overall company.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Macy's (M), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2025.