Reported about 13 hours ago
Macy's reported a fourth quarter adjusted earnings per share of $1.80, surpassing analyst expectations, but same-store sales growth was only 0.2%, falling short of estimates. The company cautioned about a challenging fiscal 2025 with projected revenues lower than the previous year due to external factors including tariffs and consumer inflation. Macy's anticipates a decline in same-store sales and adjusted earnings, contributing to a roughly 1.5% dip in its stock.
Source: YAHOO