Earnings Abstract: Macy’s stories preliminary This autumn outcomes, updates outlook


Division retailer chain Macy’s, Inc. (NYSE: M) has offered an replace on its fiscal fourth quarter 2024 outcomes and outlook.

  • Estimated comparable gross sales are roughly flat quarter-to-date, with Macy’s non-First 50 places performing beneath expectations and producing damaging comparable gross sales
  • The go-forward enterprise achieved quarter-to-date comparable gross sales progress, with Macy’s First 50 places and luxurious nameplates Bloomingdale’s and Bluemercury delivering gross sales progress
  • The administration expects fourth-quarter adjusted earnings per share to be consistent with the beforehand issued vary of $1.40 to $1.65
  • This autumn internet gross sales are anticipated to be at, to barely beneath, the low-end of the beforehand issued vary of $7.8 billion to $8.0 billion
  • The corporate is scheduled to report the ultimate outcomes for the fourth quarter and monetary yr 2024 in early March 2025
  • The retailer mentioned it’s on observe to broaden initiatives to open a further 75 Macy’s places in fiscal 2025

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