Story perspectives

Macy's Q4 Profit Hits $342M Amid Store Closures

3/6/2025

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Summary

Story summary

Macy's achieved a Q4 profit of $342 million, with adjusted earnings per share of $1.80, despite a 4.3% sales decline to $7.77 billion.
Comparable sales increased by 0.2%, driven by Bloomingdale's and Bluemercury, while Macy's stores experienced a 1.9% decline.
For fiscal 2025, Macy's anticipates earnings of $2.05 to $2.25 per share and net sales of $21 billion to $21.4 billion, falling short of analyst expectations.
The company plans to close 150 underperforming stores as part of a turnaround strategy amid economic challenges and new tariffs.

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Story summary

Macy's achieved a Q4 profit of $342 million, with adjusted earnings per share of $1.80, despite a 4.3% sales decline to $7.77 billion.
Comparable sales increased by 0.2%, driven by Bloomingdale's and Bluemercury, while Macy's stores experienced a 1.9% decline.
For fiscal 2025, Macy's anticipates earnings of $2.05 to $2.25 per share and net sales of $21 billion to $21.4 billion, falling short of analyst expectations.
The company plans to close 150 underperforming stores as part of a turnaround strategy amid economic challenges and new tariffs.