From Financial Modeling Prep: 2025-03-06 10:38:00

Macy’s (NYSE:M) reported mixed fourth-quarter 2024 results, with earnings beating expectations but annual guidance falling short. Shares dropped about 2% intra-day. EPS was $1.80, above the expected $1.54, while revenue was $7.77 billion, close to the anticipated $7.78 billion. Comparable sales on an owned basis fell 1.1% year-over-year.

Owned-plus-licensed-plus-marketplace comparable sales rose 0.2%. Macy’s gross margin declined to 35.7% from 37.5% a year ago but beat the 35.6% forecast. For fiscal 2026, EPS is guided between $2.05 and $2.25, below the $2.32 estimate, with revenue expected between $21 billion and $21.4 billion, compared to the $21.3 billion forecast.

The company expects comparable owned-plus-licensed-plus-marketplace sales to decline between 2.0% and 0.5% year-over-year, with the go-forward business segment projected to see sales decline between 2.0% and flat.



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