Department store chain Macy’s, Inc. (NYSE: M) has provided an update on its fiscal fourth quarter 2024 results and outlook.
- Estimated comparable sales are roughly flat quarter-to-date, with Macy’s non-First 50 locations performing below expectations and generating negative comparable sales
- The go-forward business achieved quarter-to-date comparable sales growth, with Macy’s First 50 locations and luxury nameplates Bloomingdale’s and Bluemercury delivering sales growth
- The management expects fourth-quarter adjusted earnings per share to be in line with the previously issued range of $1.40 to $1.65
- Q4 net sales are anticipated to be at, to slightly below, the low-end of the previously issued range of $7.8 billion to $8.0 billion
- The company is scheduled to report the final results for the fourth quarter and fiscal year 2024 in early March 2025
- The retailer said it is on track to expand initiatives to open an additional 75 Macy’s locations in fiscal 2025
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
