Macy's is navigating tariff impacts, warning of selective price increases and strategic changes, aiming to sustain profitability amid a competitive retail landscape.
M's Q1 comps dip Y/Y, led by softness in the core brand. However, Bloomingdale's and Bluemercury show continued strength across banners.
Macy's (M) shares gained Wednesday as the biggest U.S. department store chain's better-than-anticipated profit offset warnings about the potential impact of tariffs, which the company plans to address with some price hikes.
Macy's, Inc. (NYSE:M) lowered its full-year profit forecast on Wednesday, citing pressure from higher tariffs and cautious consumer spending, even as it reported stronger-than-expected first-quarter results. The department store chain now expects fiscal 2025 earnings of $1.60 to $2 per share, down from a prior range of $2.05 to $2.25.
Macy's, Inc. (NYSE:M ) Q1 2025 Earnings Conference Call May 28, 2025 8:00 AM ET Company Participants Pamela Quintiliano - VP of IR Tony Spring - Chairman and CEO Adrian Mitchell - COO and CFO Conference Call Participants Blake Anderson - Jefferies Paul Kearney - Barclays Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Matthew Boss - JPMorgan Dana Telsey - Telsey Advisory Group Michael Binetti - Evercore ISI Chuck Grom - Gordon Haskett Operator Greetings, and welcome to the Macy's, Inc. First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The company also nodded to challenges from a slowdown in consumer spending and more competitive promotions and discounts across the retail industry.
Although the revenue and EPS for Macy's (M) give a sense of how its business performed in the quarter ended April 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 $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.27 per share a year ago.
Macy's cut its full-year earnings guidance to account for global tariffs and some moderation in consumer spending, but reported a smaller decline in sales than expected for the spring quarter.
The department store posts a better-than-feared first quarter but trims fiscal-year profit guidance.
Macy's cut its profit outlook for 2025, as President Donald Trump's tariff hikes and higher promotions hit its bottom line. In this article M
Get a deeper insight into the potential performance of Macy's (M) for the quarter ended April 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.