Macy's (M) Tops Q1 EPS by 11c, Misses on Revenue; Offers FY25 Guidance

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Go back to Macy's (M) Tops Q1 EPS by 11c, Misses on Revenue; Offers FY25 Guidance

Macy’s, Inc. Reports First Quarter 2024 Results

May 21, 2024 6:55 AM EDT

A Bold New Chapter gains traction

Macys First 50 locations achieved comparable owned sales of 3.3% and owned-plus-licensed sales of 3.4%

First quarter 2024 earnings exceeded outlook

Diluted EPS of $0.22 and Adjusted Diluted EPS of $0.27

NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported financial results for the first quarter of 2024 and updated its annual guidance.

We are encouraged by our customers response to our Bold New Chapter strategy resulting in sales near the high end of our outlook.... More