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
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
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
CarMax (KMX) Q3 2026 earnings drop on lower sales; results beat estimates
Used car retailer CarMax, Inc. (NYSE: KMX) on Thursday reported a decline in earnings for the third quarter of fiscal 2026, hurt by lower sales. However, both revenues and earnings
ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results
Accenture (NYSE: ACN) reported its first quarter 2026 earnings results today. Revenues of $18.7 billion increased 6% in US dollars and 5% in local currency compared to the same period a
