Macy's Earnings Reports

Macy's delivered strong second quarter results with net sales and adjusted EPS exceeding expectations. Positive performance was driven by strength in Bloomingdale’s, Bluemercury, and Reimagine 125 stores.

Macy's delivered results above guidance with strong performance from Bloomingdale’s and Bluemercury, despite ongoing sales declines at Macy’s nameplate and continued store closures.

Macy’s reported Q4 2024 revenue of $7.77 billion, down 4.3% year-over-year. Comparable sales declined 1.1% on an owned basis but increased 0.2% when including licensed and marketplace sales. Net income was $342 million, with EPS of $1.21 and adjusted EPS of $1.80, exceeding guidance. Despite a lower gross margin of 35.7%, SG&A expenses were managed effectively, resulting in an operating income of $500 million.