Macy’s Inc. (NYSE:M) on Wednesday revised its annual outlook on initial and current tariffs, some moderation in consumer discretionary spending, and a heightened competitive promotional landscape.
Macy’s lowered fiscal 2025 adjusted earnings per share from $2.05-$2.25 to $1.60-$2.00 compared to the consensus of $1.93.
Still, the retail giant affirmed its 2025 sales guidance of $21 billion-$21.4 billion versus the consensus of $21.31 billion.
The company also lowered its core adjusted EBITDA expectation for 2025 from 8.0%-8.2% to 7.0%-7.5%.
Also Read: Activist Investor Arkhouse Reconsiders Macy’s Takeover Bid — Here’s What Lies Ahead
The retailer reported net sales of $4.6 billion for the first quarter of 2025, down 5.1% year over year, beating the consensus of $4.50 billion.
Comparable sales were down 2.0% on …
Full story available on Benzinga.com
Macy’s Inc. (NYSE:M) on Wednesday revised its annual outlook on initial and current tariffs, some moderation in consumer discretionary spending, and a heightened competitive promotional landscape.
Macy’s lowered fiscal 2025 adjusted earnings per share from $2.05-$2.25 to $1.60-$2.00 compared to the consensus of $1.93.
Still, the retail giant affirmed its 2025 sales guidance of $21 billion-$21.4 billion versus the consensus of $21.31 billion.
The company also lowered its core adjusted EBITDA expectation for 2025 from 8.0%-8.2% to 7.0%-7.5%.
Also Read: Activist Investor Arkhouse Reconsiders Macy’s Takeover Bid — Here’s What Lies Ahead
The retailer reported net sales of $4.6 billion for the first quarter of 2025, down 5.1% year over year, beating the consensus of $4.50 billion.
Comparable sales were down 2.0% on …
Full story available on Benzinga.com
Macy’s Inc. (NYSE:M) on Wednesday revised its annual outlook on initial and current tariffs, some moderation in consumer discretionary spending, and a heightened competitive promotional landscape.
Macy’s lowered fiscal 2025 adjusted earnings per share from $2.05-$2.25 to $1.60-$2.00 compared to the consensus of $1.93.
Still, the retail giant affirmed its 2025 sales guidance of $21 billion-$21.4 billion versus the consensus of $21.31 billion.
The company also lowered its core adjusted EBITDA expectation for 2025 from 8.0%-8.2% to 7.0%-7.5%.
Also Read: Activist Investor Arkhouse Reconsiders Macy’s Takeover Bid — Here’s What Lies Ahead
The retailer reported net sales of $4.6 billion for the first quarter of 2025, down 5.1% year over year, beating the consensus of $4.50 billion.
Comparable sales were down 2.0% on …Full story available on Benzinga.com Read MoreBriefs, Earnings, M, News, Stories That Matter, tariffs, why it’s moving, Guidance, Retail Sales, Top Stories, Movers, Trading Ideas, General, M, US55616P1049, News, Earnings, Guidance, Retail Sales, Top Stories, Movers, Trading Ideas, General, Benzinga News
