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Macy's (M)
NYSE:M
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
0.27Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 0.84%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of strong performance in certain segments such as luxury and strategic initiatives like store closures, alongside challenges in consumer environment and specific categories like home. The strategic progress and financial improvements are noteworthy, but the broader economic uncertainties and specific category weaknesses temper the overall outlook.Company Guidance
During Macy's fourth quarter 2024 earnings call, the company provided several key metrics and insights into its performance and outlook. Macy's reported a 0.2% increase in comparable sales, the highest in 11 quarters, with the go-forward Macy's locations achieving a 0.6% comp gain. The company's net sales were approximately $7.8 billion, and they ended the fiscal year with $1.3 billion in cash, up $272 million from the previous year. Macy's also generated $679 million in free cash flow, inclusive of $283 million from asset monetization. The annual comps improved by 510 basis points, although they were still down 0.9% compared to 2023. The company closed 64 of its 150 non-go-forward Macy's stores, which contributed to annual asset sale gains of $144 million. Additionally, Macy's lowered its capital expenditures by $111 million to $882 million. For fiscal 2025, Macy's projects net sales of $21 billion to $21.4 billion, with comparable sales expected to decline between 2% and 0.5%. The company plans to continue reducing capital expenditures while prioritizing investments that enhance profitability and stakeholder value.Strong Comp Performance
Macy's, Inc. achieved a 0.2% comparable sales gain in the fourth quarter, which was the highest of the year and best in 11 quarters. Go-forward Macy's, Inc. reported its strongest comp of the year at plus-0.6%.
Luxury Segment Growth
Bloomingdale's achieved a positive 6.5% comp, marking the strongest fourth quarter volume in its history. Bluemercury reported its 16th consecutive quarter of positive comps.
Progress in Store Closures and Capital Allocation
Closed 64 underperforming Macy's stores ahead of the annual plan and generated $283 million of asset monetization proceeds, contributing to $679 million of free cash flow, up 71% from last year.
Improved Financial Metrics
Fourth quarter adjusted EPS was $1.80, above the guidance range, driven by better-than-expected SG&A, credit card revenues, and improved shortage and asset sale gains.
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M Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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M Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $13.13 | $13.04 | -0.69% |
| Dec 11, 2024 | $16.32 | $16.18 | -0.86% |
| Aug 21, 2024 | $17.11 | $14.90 | -12.92% |
| May 21, 2024 | $18.26 | $19.19 | +5.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Macy's (M) report earnings?
Macy's (M) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Macy's (M) earnings time?
Macy's (M) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is M EPS forecast?
M EPS forecast for the fiscal quarter 2025 (Q1) is 0.15.
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