Overview

• Adjusted EPS reached $0.41 versus roughly $0.18–$0.19 expected, on revenue of $4.81 billion that topped estimates.
• Comparable sales rose 1.9% on an owned-plus-licensed basis even as net sales declined about 2.5% year over year.
• Macy's lifted its 2025 outlook to adjusted EPS of $1.70–$2.05 and net sales of $21.15–$21.45 billion, with guidance assuming a more choiceful consumer and existing tariffs.
• Revamped Macy's ‘Reimagine 125’ locations, Bloomingdale’s growth, and Bluemercury contributed to the comp improvement, while spring markdowns and prior-tariff inventory pressured margins.
• The company declared its regular dividend, returned $100 million via dividends and buybacks, executed financing that cut long-term debt by about $340 million, and shares rose on the results.