Macy's cuts 2025 adjusted EPS guidance to $1.60-$2.00 as first-quarter profit falls
Macy's reported first-quarter 2025 results for the 13 weeks ended May 3, 2025. Net sales fell 5.1% to $4.6 billion, which exceeded the company's prior guidance, but GAAP diluted EPS was $0.13 versus $0.22 a year earlier and adjusted diluted EPS was $0.16 versus $0.27. The company cut its 2025 adjusted diluted EPS guidance to $1.60 to $2.00 from $2.05 to $2.25, citing tariffs, moderating consumer discretionary spending and a heightened promotional landscape, while its net sales guidance was unchanged.
- Net sales of $4.6 billion, down 5.1% year over year; comparable owned-plus-licensed-plus-marketplace sales down 1.2%
- GAAP diluted EPS of $0.13 versus $0.22 a year earlier; adjusted diluted EPS of $0.16 versus $0.27
- 2025 adjusted diluted EPS guidance cut to $1.60 to $2.00 from $2.05 to $2.25; net sales guidance unchanged at $21.0 billion to $21.4 billion
- Quarterly dividend of 18.24 cents per share payable July 1, 2025; $101 million of share repurchases in the first quarter