News Brief: Macy’s Q3 2024 Performance
Summary
Macy’s reported its strongest sales growth in over three years for the fiscal third quarter, beating Wall Street expectations and raising its full-year outlook. The retailer’s turnaround strategy, focused on improved staffing and store displays, is showing momentum. However, the company remains cautious about the holiday quarter due to expected selective consumer spending and cost pressures from tariffs.
Key Points
- Strong Quarterly Results: Comparable sales grew 3.2%. Adjusted earnings per share were 9 cents vs. an expected loss of 14 cents. Revenue reached $4.71 billion, surpassing estimates.
- Raised Full-Year Guidance: The company increased its adjusted EPS forecast to $2.00-$2.20 (from $1.70-$2.05) and net sales outlook to $21.48-$21.63 billion.
- Turnaround Strategy Gains Traction: Investments in more staff, sharper merchandise, and better visual displays at 125 “Macy’s” stores are driving improved performance.
- Brand Performance Varies: Bloomingdale’s led with 9% comparable sales growth. Bluemercury rose 1.1%. The core Macy’s brand is improving but has historically lagged.
- Holiday Quarter Caution: Macy’s anticipates persistent challenges: selective consumer spending and higher tariffs, which have led to selective price increases.
- Store Portfolio Reshaping: The company continues to close underperforming Macy’s stores (150 planned by 2027) while expanding Bloomingdale’s and Bluemercury.
新闻简报：梅西百货2024年第三季度业绩
摘要
梅西百货在第三财季实现了超过三年来最强劲的销售增长，超出华尔街预期并上调了全年业绩指引。该零售商专注于增加员工和改善门店陈列的转型策略显示出积极势头。然而，由于预计消费者支出将趋于选择性以及关税带来的成本压力，公司对假日季持谨慎态度。
关键点
- 季度业绩强劲：可比销售额增长3.2%。调整后每股收益为9美分，而预期为亏损14美分。营收达47.1亿美元，超出预期。
- 上调全年指引：公司将调整后每股收益预期上调至2.00-2.20美元（原为1.70-2.05美元），净销售额预期上调至214.8-216.3亿美元。
- 转型策略见效：在125家梅西百货门店增加员工、优化商品和视觉陈列的投资正在推动业绩改善。
- 品牌表现分化：布鲁明戴尔领先，可比销售额增长9%。Bluemercury增长1.1%。核心的梅西百货品牌正在改善，但历史上表现滞后。
- 对假日季态度谨慎：梅西百货预计挑战将持续：消费者选择性支出以及更高的关税，这已导致公司对部分商品进行选择性提价。
- 门店组合调整：公司继续关闭表现不佳的梅西百货门店（计划到2027年关闭150家），同时扩张布鲁明戴尔和Bluemercury。
Original Article Link: https://www.cnbc.com/2025/12/03/macys-m-earnings-q3-2025.html