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Macy’s posts strongest growth in more than 3 years, but strikes cautious note on holidays
Macy’s remodeled 125 stores and improved customer service to boost comparable sales by 3.2% in Q3, raising 2025 earnings guidance to $2–$2.20 per share.
- Macy's beat Wall Street's sales expectations for the third consecutive quarter and posted its strongest growth in over three years as its turnaround strategy gained momentum.
- Macy's raised its full-year sales and earnings outlook for the second quarter in a row, expecting adjusted earnings per share between $2 and $2.20 and net sales of $21.48 billion to $21.63 billion.
- Macy's attributed its better performance to shoppers responding well to changes made in its stores, such as additional staff and new brands like MacKenzie-Childs, despite selective price increases due to higher import costs.
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Believe: Macy’s Posts Best Growth In Three Years as ‘Reimagine’ Strategy Pays Off
Some might call it a pre-Christmas miracle on 34th Street, but Macy’s executives would argue it’s simply the payoff of a solid strategy. In its third-quarter earnings call on Wednesday, the once-mighty retail giant reported its strongest growth in more than three years and its third straight quarterly sales beat. For now, at least, it looks like the company’s turnaround effort is taking hold as well as paying off. Macy’s Makeover After shrugging…
Associated Press News+31 Reposted by 31 other sources
Macy's posts surprise profit with overhaul under new CEO resonating with shoppers
Macy’s posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers.
·United States
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Total News Sources37
Leaning Left8Leaning Right3Center18Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 28%
C 62%
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