Overview
- Macy’s lowered its 2025 adjusted earnings‐per‐share outlook to $1.60–$2.00 after reporting first‐quarter EPS of $0.16, beating analysts’ 14-cent forecast.
- The retailer reaffirmed its full‐year sales guidance of $21.0 billion to $21.4 billion, fueled by 3.8% comparable gains at Bloomingdale’s and 1.5% growth at Bluemercury.
- CEO Tony Spring attributed roughly $0.15–$0.40 of the earnings revision to Trump administration tariffs and pledged “surgical” price hikes on select items.
- Under its Bold New Chapter strategy, Macy’s will close about 150 underperforming namesake stores by early 2027 while investing in stronger locations.
- Best Buy also trimmed its 2025 revenue and profit outlook because of sustained tariff‐driven cost pressures, underscoring industry‐wide uncertainty over import duties.