---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-028040"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T09:28:33.278355+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Macy's Q1 net sales $4.6B beat guidance; adj. EPS $0.16 tops forecast; FY adj. EPS guidance cut to $1.60-$2.00

## Summary
- GAAP diluted EPS $0.13, adjusted EPS $0.16 vs. prior guidance range.
- Comparable sales (owned+licensed+marketplace) down 1.2%, beating company guidance.
- Bloomingdale's comps up 3.8% (owned+licensed+marketplace); Bluemercury comps up 1.5% (17th consecutive quarter).
- FY 2025 adjusted EBITDA margin guidance lowered to 7.4%-7.9% from 8.4%-8.6%; adj. EPS cut to $1.60-$2.00 from $2.05-$2.25.
- Returned $152M to shareholders: $51M dividend, $101M share repurchases; quarterly dividend of $0.1824 declared.

## SEC filing metadata
- accession: 0001628280-25-028040
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000162828025028040/0001628280-25-028040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000162828025028040/n-20250528.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-028040
- JSON: https://secwatch.observer/filing/0001628280-25-028040.json
- Plain text: https://secwatch.observer/filing/0001628280-25-028040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.