Macy's (M) Stock Soars 31% on Strong Quarterly Results

Macy (M) surged 31% after posting strong quarterly results. Net sales were $4.8 billion, with same-store sales up nearly 1%. Non-GAAP net income fell 24% to $113 million. Analysts had forecasted lower figures.

Macy’s raised its 2025 guidance to $21.2-$21.5 billion in sales and $1.70-$2.05 in profitability. While no analysts upgraded the stock, price targets were raised, with Jefferies’ fair-value assessment at $18.50 per share.