Categories AlphaGraphs, Earnings, Retail

Key highlights from Macy’s (M) Q3 2024 earnings results

Macy’s, Inc. (NYSE: M) reported its third quarter 2024 earnings results today.

Net sales decreased 2.4% year-over-year to $4.7 billion. Comparable sales were down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis.

Net income was $28 million, or $0.10 per share, compared to $41 million, or $0.15 per share, last year. Adjusted EPS was $0.04.

Macy’s updated its guidance for fiscal year 2024. The company now expects net sales to be $22.3-22.5 billion. Comparable owned-plus-licensed-plus-marketplace sales, on a 52-week basis, are now expected to be down around 1% to flat versus the previous year. Adjusted EPS is now expected to be $2.25-2.50.

The reduction in earnings guidance caused the stock to fall over 10% in premarket hours on Wednesday.

Prior performance

Macy’s Q2 2024 earnings infographic

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

Infographic: How Lennar (LEN) performed in Q4 2025

Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings

Paychex expected to report higher revenue and earnings for Q2 FY26

Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the

Signet Jewelers (SIG): A look at the progress made on Grow Brand Love

Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top