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Macy’s quarterly profit and sales fall but it raises guidance with those declines limited
Macy's raised its 2025 earnings forecast after beating expectations with a 1.9% rise in comparable store sales despite Q2 profit and sales declines.
- For the fiscal quarter concluding on August 2, 2025, Macy's posted a net profit of $87 million, which translates to earnings of 31 cents for each share, despite experiencing declines in sales and earnings.
- The quarterly decline followed cautious customer spending and higher costs from tariffs, which led Macy's to diversify product sourcing away from China.
- Macy's comparable sales increased 1.9% across all stores and 1.4% at its first 125 revamped locations, showing positive results from its modernization efforts.
- Adjusted earnings reached 41 cents per share, significantly exceeding the FactSet projection of 19 cents, leading to a 10% increase in shares prior to Wednesday’s market open.
- Macy’s updated its full-year guidance, increasing its projected earnings per share to a range of $1.70 to $2.05 and anticipating annual sales in the range of approximately $21.15 billion to slightly over $21.4 billion, while maintaining a cautious outlook due to ongoing economic uncertainties.
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Macy's quarterly profit, sales fall but raises guidance with those declines limited
Macy’s reported lower profits and sales during the fiscal second quarter as the department store chain grapples with a still cautious consumer and higher costs from President Donald Trump’s tariffs
·New York, United States
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Associated Press News+8 Reposted by 8 other sources
Macy's quarterly profit and sales fall but it raises guidance with those declines limited
Macy’s reported lower profits and sales during the fiscal second quarter as the department store chain grapples with a still cautious consumer and higher costs from President Donald Trump’s tariffs.
·New York, United States
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Total News Sources10
Leaning Left4Leaning Right0Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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