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Although the revenue and EPS for Macy's (M) give a sense of how its business performed in the quarter ended April 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Macy's, Inc.'s turnaround is progressing slowly, but Q1 results showed stabilization and some positive trends, especially in modernized stores and digital sales. Tariffs and increased promotional activity are pressuring margins, leading to lower EBITDA guidance and a wider EPS range, reflecting significant uncertainty. Despite headwinds, Macy's maintains a strong balance sheet, secure 6% dividend, and active buybacks, with no major debt maturities until 2028.
Home Depot, whose first-quarter earnings fell just below analyst expectations despite beating revenue projections, according to FactSet, reported the company will hold onto its forecast for full-year sales. Chief Financial Officer Richard McPhail told CNBC that, “because of our scale” and Home Depot's “great partnerships” with suppliers, the company plans to “generally maintain our current pricing levels across our portfolio.
Macy's Inc. M on Wednesday revised its annual outlook on initial and current tariffs, some moderation in consumer discretionary spending, and a heightened competitive promotional landscape.
Retailers are shaking up Wall Street, with earnings reports from Macy's Inc (NYSE:M), Abercrombie & Fitch Co (NYSE:ANF), and Dick's Sporting Goods Inc (NYSE:DKS) offering mixed signals on the impact of tariffs, consumer demand, and operational resilience.
Macy's (M) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.27 per share a year ago.
CNBC's Melissa Repko joins 'Squawk Box' to break down the company's quarterly earnings results.
Macy's cut its full-year earnings guidance to account for global tariffs and some moderation in consumer spending, but reported a smaller decline in sales than expected for the spring quarter.
Macy's Inc.'s M stock was up 3% in premarket trading Wednesday after the retailer's first-quarter adjusted earnings and revenue beat Wall Street's expectations.
The department store posts a better-than-feared first quarter but trims fiscal-year profit guidance.