See every side of every news story
Published loading...Updated

Macy’s profit and sales slip and it cuts profit forecast for 2025, but tops Q1 expectations

  • Macy's, a New York retailer owning Bloomingdale's and Bluemercury, reported a Q1 sales decline to $4.79 billion ending May 3, 2025.
  • The company attributed this drop and a trimmed 2025 profit forecast to cautious customers and uncertainties from the U.S. Trade war and tariffs.
  • Despite challenges, Macy's exceeded most Q1 performance expectations, maintained its sales forecast between $21 billion and $21.4 billion, and saw growth from Bloomingdale's and Bluemercury.
  • In the first quarter, Macy's reported a profit of $38 million, equivalent to 13 cents per share, slightly surpassing analyst expectations by one cent. CEO Tony Spring noted the company is managing economic challenges through ongoing discussions and order adjustments with its suppliers.
  • Macy's faces ongoing unpredictability from changing tariff policies but focuses on improving merchandise, diversifying sourcing, and investing in customers to restore sustainable profitable growth.
Insights by Ground AI
Does this summary seem wrong?

71 Articles

All
Left
6
Center
38
Right
4
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 79% of the sources are Center
79% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Home Furnishings News broke the news in on Tuesday, May 27, 2025.
Sources are mostly out of (0)