Group 1 - Macy's shares have underperformed over the past year, losing approximately 30% of their value as investors express impatience with the company's business transformation efforts [1] - The company has declined interest from potential buyers, indicating a strategic decision to continue its transformation independently [1]

Macy’s (M) Q4 2025 Earnings Call March 06, 2025 04:33 PM ET Company Participants Pamela Quintiliano - Vice President - Investor RelationsTony Spring - Chairman & CEOAdrian Mitchell - COO & CFOAshley Helgans - Senior Vice PresidentOliver Chen - Managing Director - Retail, Luxury, New Platforms Sector HeadDana Tesley - CEO & CRO Conference Call Participants Matthew Boss - AnalystBrooke Roach - AnalystTracy Kogan - Analyst Operator Greetings, and welcome to the Macy's Inc. Fourth Quarter twenty twenty four Ear ...

In a retail world where growth is harder to come by, Macy’s is prioritizing stability over expansion, adjusting to the realities of a more competitive and unpredictable market.Macy’s fourth-quarter results released Thursday (March 6) reflect a retail landscape where resilience is the key due to uncertain external factors and cautious consumers. As other retailers expand aggressively, Macy’s has held its ground, maintaining its store footprint amid a shifting market. This strategy hints at a deeper focus on ...

Macy’s, Inc. (M) has reported fourth-quarter fiscal 2024 results, wherein the top line lagged the Zacks Consensus Estimate but the bottom line surpassed the same. Revenues and earnings decreased from the year-ago quarter’s reported figures. Comparable sales (comps) fell on an owned basis.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.As the company concludes the first year of its Bold New Chapter strategy, investments in the customer experience have driven the highest comps of the ye ...

Retail stock Macy's Inc (NYSE:M) is down 1.9% at 13.05, earlier hitting a 52-week low of $12.60. The company reported mixed fourth-quarter results, including better-than-expected earnings alongside a revenue miss, but investors are focusing in on the disappointing full-year guidance. Notably, CEO Tony Spring's turnaround efforts appear to be taking shape, however, with comparable sales up 0.2% -- the highest since the first quarter of 2022. On the charts, the $16 level has been keeping rallies in check sinc ...

Macy's, Inc. (NYSE:M) Q4 2024 Earnings Conference Call March 6, 2025 8:00 AM ET Company Participants Pamela Quintiliano - Vice President, Investor Relations Tony Spring - Chairman & Chief Executive Officer Adrian Mitchell - Chief Operating Officer & Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Ashley Helgans - Jefferies Oliver Chen - TD Cowen Dana Telsey - Telsey Advisory Group Tracy Kogan - Citigroup Operator Greetings, and welcome to the Macy's, ...

Macy's (M) came out with quarterly earnings of $1.80 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.13%. A quarter ago, it was expected that this department store operator would post earnings of $0.07 per share when it actually produced earnings of $0.04, delivering a surprise of -42.86%.Over the last four quarters, the c ...

4Q24 Earnings March 6, 2025 Safe Harbor Statement All statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy's management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this prese ...

Core Viewpoint - Macy's issued a profit warning due to "external uncertainties" affecting its turnaround efforts, leading to a 3.1% decline in premarket trading [1] Financial Performance - The company reported lower-than-expected earnings expectations for both the first quarter and the full year [1] - The unclear immediate future for customers is impacting its core retail brands, including Macy's, Bloomingdale's, and Bluemercury [1]

Sales Performance - Macy's, Inc. reported fourth quarter net sales of $7.8 billion, a decrease of 4.3% compared to the fourth quarter of 2023, with comparable sales down 1.1% on an owned basis[4]. - The company's go-forward business comparable sales were down 0.7% on an owned basis, while the First 50 locations achieved a 0.8% increase in comparable sales on an owned basis[5]. - For fiscal year 2024, net sales decreased 3.5% to $22.3 billion, with comparable sales down 2.0% on an owned basis[9]. - Net sales for the 13 weeks ended February 1, 2025, were $7,768 million, a decrease from $8,120 million for the 14 weeks ended February 3, 2024[29]. - Total revenue for the 52 weeks ended February 1, 2025, was $23,006 million, compared to $23,866 million for the 53 weeks ended February 3, 2024, reflecting a decline of 3.6%[32]. - Comparable sales decreased by 1.1% on an owned basis for the 13 weeks ended February 1, 2025, with a decrease of 2.0% for the 52 weeks[48][49]. - The company reported a decrease in comparable sales on an owned-plus-licensed-plus-marketplace basis of 0.2% for the 13 weeks ended February 1, 2025[48]. Financial Performance - Macy's ended fiscal year 2024 with $1.3 billion in cash, generating nearly $1.3 billion of operating cash flow and $679 million of free cash flow[5]. - Net income for the 52 weeks ended February 1, 2025, was $582 million, a significant increase from $45 million for the 53 weeks ended February 3, 2024[37]. - Basic earnings per share for the 52 weeks ended February 1, 2025, were $2.10, compared to $0.16 for the previous year[32]. - Adjusted net income for the 52 weeks ended February 1, 2025, was $745 million, with adjusted diluted earnings per share of $2.64[54]. - Free cash flow for the 52 weeks ended February 1, 2025, was $679 million, reflecting ongoing cash generation available for investments[55]. - Adjusted EBITDA for the 13 weeks ended February 1, 2025, was $903 million, compared to $1,091 million for the 14 weeks ended February 3, 2024[54]. Margins and Expenses - The gross margin rate for fiscal year 2024 was 38.4%, remaining flat compared to the previous year[10]. - SG&A expenses for fiscal year 2024 were $8.3 billion, a decrease of $45 million, but as a percentage of total revenue, it increased to 36.2% due to lower total revenue[10]. - Gross margin for the 52 weeks ended February 1, 2025, was $8,553 million, representing 38.4% of total revenue, consistent with the previous year[32]. - The company reported a gross margin of $2,777 million, or 35.7%, for the 13 weeks ended February 1, 2025, down from $2,967 million, or 36.5%, for the 14 weeks ended February 3, 2024[29]. - Other revenue for the 52 weeks ended February 1, 2025, was $713 million, accounting for 3.2% of net sales, compared to $774 million, or 3.4%, the previous year[39]. Future Guidance - Fiscal year 2025 guidance includes expected net sales of $21.0 billion to $21.4 billion, with comparable owned-plus-licensed-plus-marketplace sales projected to decline by approximately 2.0% to 0.5%[19]. - Adjusted diluted earnings per share for fiscal year 2025 is expected to be between $2.05 and $2.25[19]. Cash Flow and Assets - Cash flows from operating activities for the 52 weeks ended February 1, 2025, were $1,278 million, slightly down from $1,305 million for the previous year[37]. - Total assets as of February 1, 2025, were $16,402 million, an increase from $16,246 million as of February 3, 2024[34]. - Current liabilities as of February 1, 2025, totaled $4,524 million, compared to $4,532 million the previous year[34]. Other Insights - The company emphasizes that non-GAAP financial measures should be viewed as supplemental to GAAP results, as they provide additional insights into operational performance[45]. - Macy's Media Network revenue increased by 6.7% to $64 million, reflecting growth in the number of advertisers and campaign counts[12]. - The impact of departments licensed to third parties and marketplace sales contributed positively with an increase of 1.3% for the 13 weeks ended February 1, 2025[48].