Macy's beats Q3 net sales expectations, raises FY guidance

Macy's

03/12/2025 12:06

Overview

Macy's Q3 net sales of $4.7 bln beat co's guidance and analysts' estimates, driven by Bold New Chapter strategy

Adjusted EPS for Q3 was $0.09, exceeding company guidance

Company returned $99 mln to shareholders via dividends and share repurchases

Outlook

Macy's raises 2025 net sales guidance to $21.475 bln-$21.625 bln

Adjusted diluted EPS for 2025 now expected between $2.00 and $2.20

Company expects adjusted EBITDA margin of 7.8%-8.0% for 2025

Result Drivers

BOLD NEW CHAPTER - Macy's attributes strong Q3 sales growth to its Bold New Chapter strategy

REIMAGINE 125 STORES - Macy's cites Reimagine 125 locations and digital strength as key drivers of sales growth

BLOOMINGDALE'S GROWTH - Bloomingdale’s achieved its fifth consecutive quarter of comparable sales growth, highest in 13 quarters

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$4.71 bln
$4.62 bln (10 Analysts)
Q3 EPS
$0.04
Q3 Net Income
$11 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the department stores peer group is "buy."

Wall Street's median 12-month price target for Macy's Inc is $17.00, about 25.1% below its December 2 closing price of $22.71

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw7KtjYPa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)