earnings
confidence high
sentiment neutral
materiality 0.75
Macy's Q4 adj EPS $1.80 beats guidance; net sales down 4.3% to $7.8B
Macy's, Inc.
2024-FY EPS reported
$2.07
revenue$23,006,000,000
- Q4 GAAP diluted EPS $1.21, adjusted diluted EPS $1.80 (exceeded prior guidance range).
- Net sales fell 4.3% to $7.8B; comparable sales down 1.1% owned but up 0.2% owned-plus-licensed-plus-marketplace.
- Bloomingdale's owned comparable sales grew 4.8%; Bluemercury up 6.2% (16th straight quarter).
- Ended year with $1.3B cash; plans to resume buybacks under remaining $1.4B authorization.
- FY2025 guidance: net sales $21.0-$21.4B; adj diluted EPS $2.05-$2.25 (excl. buyback impact).