Overview
- For Q3, revenue reached $4.71 billion versus $4.62 billion expected and adjusted EPS was $0.09 versus an expected loss, with net income of $11 million.
- Companywide comparable sales rose 3.2% on an owned-plus-licensed-plus-marketplace basis, the strongest growth in 13 quarters, with go-forward fleet comps up 3.4%.
- Macy’s raised full-year 2025 guidance to net sales of $21.475 billion to $21.625 billion and adjusted EPS of $2.00 to $2.20, with comps now projected from flat to up about 0.5%.
- Bloomingdale’s comparable sales jumped roughly 9% and Bluemercury rose 1.1%, while the Reimagine 125 Macy’s locations posted 2.7% comparable growth.
- Management warned of selective spending and tariff pressure in the holiday quarter, kept promotions in line with last year, and saw shares trade choppily despite year-to-date gains.