Blue Mercury news and archive

Macy’s returns to positive comparable sales growth in fiscal year 2025

US department store group Macy’s has reported its financial results for the fourth quarter and full fiscal year 2025, highlighting a return to positive comparable sales growth across its portfolio. The group, which operates Macy’s, Bloomingdale’s, and Bluemercury, exceeded its previous guidance despite navigating significant tariff headwinds...

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Macy's reports strongest Q3 results in over three years

Macy’s, Inc. reported third-quarter 2025 results that exceeded expectations and raised its full-year guidance, reflecting continued momentum in its “Bold New Chapter” strategy. Net sales reached 4.7 billion dollars, surpassing the company’s forecast, while comparable sales increased 2.5 percent on an owned basis and 3.2 percent on an...

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Macy's Q2 sales exceed expectations, raises full-year outlook

Macy’s, Inc. reported stronger-than-expected financial results for the second quarter of 2025 and subsequently raised its full-year outlook. The company's net sales reached 4.8 billion dollars, exceeding its guidance. The market reacted positively to the news, with Macy's stock price witnessing an increase of 20.7 percent on the day of the...

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Macy's Q1 earnings beat but lowers outlook amid tariff concerns

Macy's, Inc. announced financial results for the first quarter that surpassed its own guidance, signaling promising progress on its "Bold New Chapter" strategy. The retailer reported net sales of 4.6 billion dollars, despite a 5.1 percent decrease inclusive of store closures compared to the same period last year, and delivered adjusted diluted...

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Macy's 2025 sales and profit forecasts miss expectations

In line with many of its rivals, US department store chain Macy’s reported fourth-quarter results that surpassed expectations, yet its sales and profit projections for the upcoming year fell short of investor hopes. The company cited "external uncertainties" as a factor contributing to anticipated weaker future performance. Macy's projected net...

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Macy’s expects non-performing stores to impact Q4 sales

Macy’s has reaffirmed its fourth-quarter financial expectations, forecasting adjusted diluted earnings per share to fall within the previously announced range of 1.40 dollars to 1.65 dollars. The company also anticipates net sales to be near the lower end of its prior guidance, ranging from 7.8 billion dollars to 8 billion dollars. In a trading...

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Macy’s delays Q3 results after discovering employee hid millions in expenses

Macy’s has delayed its third quarter results after discovering that one of its employees hid nearly 132 million dollars to 154 million dollars in delivery expenses over the last three years. The company’s net sales for the quarter decreased 2.4 percent to 4.742 billion dollars, with comparable sales down 2.4 percent on an owned basis and down...

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Macy's lowers full year sales outlook amid difficult consumer environment

Macy’s has lowered its annual outlook to reflect the difficult consumer environment and now expects net sales to be in the range of 22.1 billion dollars to 22.4 billion dollars with comparable sales change of down between 1.5 to 2 percent. For the second quarter, Macy’s reported diluted and adjusted diluted earnings per share of 53 cents. Net...

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Macy's banks on turnaround, ups earnings forecast

For the first quarter, Macy’s diluted earnings per share were 22 cents and adjusted diluted earnings per share were 27 cents compared to 56 cents in the same quarter of 2023. Net sales of 4.8 billion dollars were down 2.7 percent, comparable sales were down 1.2 percent on an owned basis and down 0.3 percent on an...

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Macy’s shares surge 18 percent following buyout offer

Shares of US department store Macy's jumped almost 18 percent in early Monday trading following news that an investor group has offered a 5.8 billion dollars buyout deal. According to Wall Street Journal, Arkhouse Management, which focuses on real estate investments, and global asset manager Brigade Capital Management have jointly made the offer...

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Macy's raises full year profit target

Macy’s reported third quarter diluted earnings per share of 15 cents and adjusted diluted earnings per share to 21 cents, while net sales of 5 billion dollars were down 7 percent. The company's comparable sales declined 7 percent on an owned basis and 6.3 percent on an owned-plus-licensed basis. Commenting on the outlook, the company said it now...

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Macy's Q4 earnings beat analysts' expectations

Diluted earnings per share were 1.83 dollars and adjusted diluted earnings per share 1.88 dollars for the fourth quarter compared to 2.44 dollars and 2.45 dollars in the same quarter of 2021, respectively. According to Refinitiv, the company's adjusted earnings per share of 1.71 dollars excluding a tax benefit, were higher than the analysts'...