Macy's fourth quarter is mixed and its 2025 outlook is tempered by tariffs and leery shoppers

ANNE D'INNOCENZIO

Thu, Mar 6, 2025, 4:05 AM 1 min read

NEW YORK (AP) — Macy's swung to a nett successful the 4th quarter, though income dipped with shoppers remaining cautious astir spending.

The spot of the quarterly nett amazed Wall Street, but income were conscionable beneath expectations and uncertainty astir some the American user and caller tariffs seeped into the company's outlook for 2025.

Shares slipped conscionable implicit 1% earlier the opening doorbell Thursday.

Macy's, which besides runs Bloomingdale's and Bluemercury, reported nett income of $342 million, oregon $1.21 per share, for the three-month play ended Feb. 1. Adjusted per-share net per were $1.80, exceeding expert expectations of $1.54 estimate, according to FactSet, and reversing a $128 cardinal nonaccomplishment past year.

Sales fell 4.3% to $7.77 cardinal from $8.12 cardinal successful the year-ago period.

Comparable income astatine the wide company— established concern from carnal stores and online channels — roseate 0.2%. At Macy's nameplate stores, comparable store income dipped 1.9%.

Macy's has been connected a run to modernize stores, and that appears to beryllium working. At the archetypal 50 stores that person been upgraded, comparable income roseate 1.2%.

Macy's different brands proceed to excel, with comparable income maturation astatine Bloomingdale’s hitting 6.5%, portion Bluemercury reported its 16th consecutive 4th of comparable income growth, the latest astatine of 6.2%.

Macy's expects to gain $2.05 to $2.25 per stock connected nett gross of $21 cardinal to $21.4 cardinal successful the existent year. Analysts expect a nett of $2.29 per stock connected income of $21.34 billion.