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M's fiscal fourth-quarter results reflect lower y/y revenues. The gross margin decline 80 basis points to 35.7% in the quarter.
Pre-market indexes are in a giving mood an hour ahead of today's opening bell. By that I mean they're giving back most of the gains made on Wednesday, which was the first up-day in the past three sessions.
While the ECB cut rates 25 bps despite a potential trade war, jobless claims stayed within range but the trade deficit fell through the floor.
Retail stock Macy's Inc (NYSE:M) is down 1.9% at 13.05, earlier hitting a 52-week low of $12.60.
Retail stock Macy's Inc (NYSE:M) is down 1.9% at 13.05, earlier hitting a 52-week low of $12.60.
Macy's, Inc. (NYSE:M ) Q4 2024 Earnings Conference Call March 6, 2025 8:00 AM ET Company Participants Pamela Quintiliano - Vice President, Investor Relations Tony Spring - Chairman & Chief Executive Officer Adrian Mitchell - Chief Operating Officer & Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Ashley Helgans - Jefferies Oliver Chen - TD Cowen Dana Telsey - Telsey Advisory Group Tracy Kogan - Citigroup Operator Greetings, and welcome to the Macy's, Inc. Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Macy's (M) give a sense of how its business performed in the quarter ended January 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Macy's (M) came out with quarterly earnings of $1.80 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $2.45 per share a year ago.
The retailer said it's taking a “prudent” approach to its outlook as it warns of a profit shortfall.
Macy's reports an earnings beat for the quarter but narrowly misses Wall Street's sales forecast.