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AI brief of an SEC Form 8-K · Macy's (M)

Macy's cuts 2025 adjusted EPS guidance to $1.60-$2.00 as first-quarter profit falls

Negative Impact 4 of 5 guidance Written later

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.

Key points

  • 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

The filing

CompanyMacy's (M)
Form8-K, current report
Filed with the SECMay 28, 2025, 7:01 AM ET
Accession number0001628280-25-028040

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 28, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.