Macy’s, Inc. Provides Fourth Quarter 2024 Update
Macy’s, Inc. (NYSE: M) provided an update on its fiscal fourth-quarter 2024 results and outlook. The company's go-forward business achieved quarter-to-date comparable sales growth, with Macy’s First 50 locations and luxury nameplates Bloomingdale’s and Bluemercury continuing their positive trend. Macy’s digital channel also saw comparable sales growth. However, overall comparable sales were roughly flat, with non-First 50 locations underperforming and generating negative comparable sales.
For the fourth quarter, Macy’s expects adjusted diluted earnings per share to be in-line with the previously issued range of $1.40 to $1.65 and net sales to be at, or slightly below, the low-end of the $7.8 billion to $8.0 billion range. CEO Tony Spring highlighted the success of the Bold New Chapter strategy, which is on track for a second quarter of sequential comparable sales improvement. The company plans to expand initiatives to an additional 75 Macy’s locations in Fiscal 2025.
Macy’s will report full results for the fourth quarter and fiscal year 2024 in early March 2025. Key executives will participate in the 2025 ICR Conference in Orlando, FL, with a live webcast available on the investor relations section of the Macy’s website.
Macy’s, Inc. (NYSE: M) ha fornito un aggiornamento sui risultati e le prospettive del quarto trimestre fiscale 2024. L'azienda ha registrato una crescita delle vendite comparabili per il trimestre fino ad oggi, con le prime 50 sedi di Macy’s e i marchi di lusso Bloomingdale’s e Bluemercury che continuano la loro tendenza positiva. Anche il canale digitale di Macy’s ha visto una crescita delle vendite comparabili. Tuttavia, le vendite comparabili complessive sono rimaste sostanzialmente stabili, con le sedi al di fuori delle prime 50 che hanno registrato prestazioni inferiori, generando vendite comparabili negative.
Per il quarto trimestre, Macy’s prevede che l'utile per azione diluito rettificato si collochi all'interno dell'intervallo precedentemente comunicato di $1.40 a $1.65 e che le vendite nette siano pari, o leggermente inferiori, al limite inferiore dell'intervallo di $7.8 miliardi a $8.0 miliardi. Il CEO Tony Spring ha sottolineato il successo della strategia Bold New Chapter, che è sulla buona strada per un secondo trimestre di miglioramento sequenziale delle vendite comparabili. L'azienda prevede di ampliare le iniziative a ulteriori 75 sedi di Macy’s nel Fisico 2025.
Macy’s presenterà i risultati completi per il quarto trimestre e l’anno fiscale 2024 all'inizio di marzo 2025. I dirigenti chiave parteciperanno alla Conferenza ICR 2025 a Orlando, FL, con una trasmissione in diretta disponibile nella sezione relazioni con gli investitori del sito web di Macy’s.
Macy’s, Inc. (NYSE: M) proporcionó una actualización sobre sus resultados y perspectivas del cuarto trimestre fiscal 2024. La empresa logró un crecimiento de ventas comparables hasta la fecha, con las primeras 50 ubicaciones de Macy’s y las marcas de lujo Bloomingdale’s y Bluemercury continuando su tendencia positiva. El canal digital de Macy’s también vio un crecimiento en las ventas comparables. Sin embargo, las ventas comparables generales fueron aproximadamente planas, con las ubicaciones fuera de las primeras 50 teniendo un rendimiento inferior y generando ventas comparables negativas.
Para el cuarto trimestre, Macy’s espera que las ganancias por acción diluidas ajustadas se ubiquen dentro del rango previamente emitido de $1.40 a $1.65 y que las ventas netas estén en, o ligeramente por debajo del extremo inferior del rango de $7.8 mil millones a $8.0 mil millones. El CEO Tony Spring destacó el éxito de la estrategia Bold New Chapter, que está en camino de un segundo trimestre de mejora secuencial en las ventas comparables. La empresa planea expandir iniciativas a 75 ubicaciones adicionales de Macy’s en el fiscal 2025.
Macy’s informará los resultados completos del cuarto trimestre y del año fiscal 2024 a principios de marzo de 2025. Los ejecutivos clave participarán en la Conferencia ICR 2025 en Orlando, FL, con una transmisión en vivo disponible en la sección de relaciones con inversores del sitio web de Macy’s.
Macy’s, Inc. (NYSE: M)는 2024 회계연도 4분기 결과 및 전망에 대한 업데이트를 제공했습니다. 회사는 지금까지 비슷한 판매 성장률을 기록했으며, Macy's의 첫 50개 매장과 고급 브랜드인 Bloomingdale’s 및 Bluemercury는 긍정적인 추세를 유지하고 있습니다. Macy’s의 디지털 채널에서도 비슷한 판매 성장률이 있었습니다. 하지만 전체 판매는 대체로 평 flat 하였고, 비 첫 50개 매장은 저조한 성과를 내면서 부정적인 판매 성과를 기록했습니다.
4분기 동안, Macy’s는 조정된 희석 주당 수익이 이전에 발표한 $1.40에서 $1.65의 범위에 맞춰질 것으로 예상하며, 순 매출은 $7.8억에서 $8.0억의 하한선에 적합하거나 약간 미달할 것으로 보입니다. CEO Tony Spring은 Bold New Chapter 전략의 성공을 강조하며, 이는 연속적인 판매 개선을 위한 두 번째 분기를 향해 나아가고 있다고 언급했습니다. 이 회사는 2025 회계연도에 추가로 75개의 Macy’s 매장으로 이니셔티브를 확장할 계획입니다.
Macy’s는 2024 회계연도 4분기 및 연간 전체 결과를 2025년 3월 초에 발표할 것입니다. 주요 임원들은 플로리다주 올랜도에서 열리는 2025 ICR 컨퍼런스에 참여하며, Macy’s 웹사이트의 투자자 관계 섹션에서 생중계가 제공됩니다.
Macy’s, Inc. (NYSE: M) a fourni une mise à jour concernant ses résultats et ses perspectives pour le quatrième trimestre fiscal 2024. L'entreprise a enregistré une croissance des ventes comparables jusqu'à ce jour, avec les 50 premières localisations de Macy’s et les marques de luxe Bloomingdale’s et Bluemercury continuant leur tendance positive. Le canal numérique de Macy’s a également connu une croissance des ventes comparables. Cependant, les ventes comparables globales sont restées à peu près stables, les localisations qui ne font pas partie des 50 premières affichant des performances inférieures et générant des ventes comparables négatives.
Pour le quatrième trimestre, Macy’s s'attend à ce que le bénéfice par action dilué ajusté soit en ligne avec l'intervalle précédemment publié de 1,40 $ à 1,65 $ et que les ventes nettes soient au niveau, ou légèrement en dessous, de la limite inférieure de l'intervalle de 7,8 milliards à 8,0 milliards de dollars. Le PDG Tony Spring a souligné le succès de la stratégie Bold New Chapter, qui est sur la bonne voie pour un deuxième trimestre d'amélioration séquentielle des ventes comparables. L'entreprise prévoit d'étendre ses initiatives à 75 localisations supplémentaires de Macy’s au cours de l'exercice fiscal 2025.
Macy’s annoncera les résultats complets pour le quatrième trimestre et l'année fiscale 2024 au début de mars 2025. Des cadres clés participeront à la Conférence ICR 2025 à Orlando, FL, avec une diffusion en direct disponible dans la section des relations avec les investisseurs du site Web de Macy’s.
Macy’s, Inc. (NYSE: M) hat ein Update zu den Ergebnissen und Ausblicken für das vierte Quartal des Geschäftsjahres 2024 bereitgestellt. Das Unternehmen erzielte bis heute ein Wachstum der vergleichbaren Verkaufszahlen, wobei die ersten 50 Macy’s Standorte sowie die Luxusmarken Bloomingdale’s und Bluemercury ihren positiven Trend fortsetzten. Auch der digitale Kanal von Macy’s verzeichnete ein Wachstum der vergleichbaren Verkaufszahlen. Die Gesamtheit der vergleichbaren Verkaufszahlen blieb jedoch insgesamt ungefähr stabil, da die Standorte außerhalb der Top 50 unterdurchschnittliche Ergebnisse erzielten und negative vergleichbare Verkaufszahlen generierten.
Für das vierte Quartal erwartet Macy’s, dass der bereinigte verwässerte Gewinn pro Aktie im Rahmen der zuvor veröffentlichten Spanne von 1,40 bis 1,65 USD liegt und der Nettoumsatz am oder leicht unter dem unteren Ende der Spanne von 7,8 Milliarden bis 8,0 Milliarden USD liegt. CEO Tony Spring hob den Erfolg der Strategie Bold New Chapter hervor, die auf Kurs für ein zweites Quartal mit fortlaufenden Verbesserungen der vergleichbaren Verkaufszahlen ist. Das Unternehmen plant, Initiativen auf zusätzliche 75 Macy’s Standorte im Geschäftsjahr 2025 auszuweiten.
Macy’s wird die vollständigen Ergebnisse für das vierte Quartal und das Geschäftsjahr 2024 Anfang März 2025 bekannt geben. Wichtige Führungskräfte werden an der ICR Konferenz 2025 in Orlando, FL teilnehmen, und eine Live-Übertragung wird im Bereich für Investorenbeziehungen auf der Macy’s Webseite verfügbar sein.
- Macy’s First 50 locations and luxury nameplates achieved positive comparable sales growth.
- Macy’s digital channel saw comparable sales growth.
- Adjusted diluted EPS expected to be in-line with the previously issued range of $1.40 to $1.65.
- Expansion of successful initiatives to an additional 75 Macy’s locations in Fiscal 2025.
- Overall comparable sales were roughly flat.
- Non-First 50 locations performed below expectations with negative comparable sales.
- Net sales expected to be at or slightly below the low-end of the $7.8 billion to $8.0 billion range.
Insights
Macy's Q4 update reveals a nuanced performance landscape. The First 50 locations and luxury segments (Bloomingdale's and Bluemercury) maintain positive momentum, while non-First 50 stores underperform. The company expects Q4 adjusted EPS of
The digital channel's growth and luxury segment resilience demonstrate the effectiveness of the company's strategic pivot. However, the divergent performance between store categories suggests structural challenges in the traditional department store model. The planned expansion to 75 additional locations in FY2025 indicates confidence in the First 50 concept's scalability, but also highlights the urgency to address underperforming assets.
For retail investors: Think of this as a tale of two Macy's - the modernized, digitally-integrated stores showing growth, versus the legacy locations struggling to adapt. The flat comparable sales mask this internal transformation, making it important to monitor the execution of the expanded store modernization program in 2025.
The strategic bifurcation in Macy's store portfolio is creating a clear performance divide. The success of the First 50 locations validates the company's modernization strategy, while the underperformance of traditional stores underscores the urgent need for transformation. The digital growth signals effective omnichannel integration, particularly important in today's retail landscape.
The Bold New Chapter strategy's traction, evidenced by sequential comparable sales improvement, suggests the company is successfully navigating the challenging department store sector transformation. The expansion to 75 additional locations represents a significant acceleration of the modernization strategy, potentially creating a positive feedback loop for the entire chain.
Simple explanation: Imagine a house renovation - some rooms are beautifully updated (First 50 stores) and getting lots of visitors, while others await renovation (traditional stores) and see fewer guests. Macy's is planning to renovate more rooms (75 more stores) because the updated ones are doing so well.
Macy’s, Inc. go-forward business achieved quarter-to-date1 comparable sales2 growth, with Macy’s First 50 locations and luxury nameplates Bloomingdale’s and Bluemercury all continuing their trend of positive comparable sales2. Macy’s digital channel also achieved comparable sales2 growth for the period1.
Macy’s, Inc. comparable sales2 were roughly flat quarter-to-date1 with Macy’s non-First 50 locations, inclusive of non-go-forward locations, performing below expectations and generating negative comparable sales2.
The company expects fourth quarter 2024 adjusted diluted earnings per share to be in-line with the previously issued range of
“Our Bold New Chapter strategy continues to gain traction, putting us on track to achieve our second quarter of sequential comparable sales2 improvement,” said Macy’s, Inc. chairman and chief executive officer Tony Spring. “Reflecting ongoing positive response to Macy’s First 50 locations, we are excited to expand initiatives to an additional 75 Macy’s locations in Fiscal 2025. We are well-positioned to build momentum with a stronger Macy’s store fleet and our teams focused on the successful execution of the three pillars of our Bold New Chapter strategy.”
The company expects to report full results for the fourth quarter and fiscal year 2024 in early March 2025.
Tony Spring, Adrian Mitchell, Macy’s, Inc. chief operating officer and chief financial officer, and Nata Dvir, Macy’s chief merchandising officer, will be participating in the 2025 ICR Conference in
1: Defined as the 9-week period ended January 4, 2025 versus the 9-week period ended December 30, 2023.
2: Comparable sales represents comparable sales on an owned-plus-licensed-plus-marketplace basis for Macy’s, Inc., Macy’s, Inc. go-forward business, Macy’s digital and Bloomingdale’s; comparable sales on an owned-plus-licensed basis for Macy’s First 50 and non-First 50 locations; and comparable sales on an owned basis for Bluemercury.
About Macy’s, Inc.
Macy’s, Inc. (NYSE: M) is a trusted source for quality brands through our iconic nameplates – Macy’s, Bloomingdale’s and Bluemercury. Headquartered in
Forward-Looking Statements
All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including Macy’s ability to successfully implement its A Bold New Chapter strategy, including the ability to realize the anticipated benefits associated with the strategy, conditions to, or changes in the timing of proposed real estate and other transactions, prevailing interest rates and non-recurring charges, the effect of potential changes to trade policies, store closings, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet and catalogs and general consumer spending levels, including the impact of the availability and level of consumer debt, possible systems failures and/or security breaches, the potential for the incurrence of charges in connection with the impairment of tangible and intangible assets, including goodwill, declines in credit card revenues, Macy’s reliance on foreign sources of production, including risks related to the disruption of imports by labor disputes, regional or global health pandemics, and regional political and economic conditions, the effect of weather, inflation, inventory shortage, and labor shortages, the amount and timing of future dividends and share repurchases, our ability to execute on our strategies and achieve expectations related to environmental, social, and governance matters, and other factors identified in documents filed by the company with the Securities and Exchange Commission, including under the captions “Forward-Looking Statements” and “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended February 3, 2024. Macy’s disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250113508410/en/
Media – Chris Grams
communications@macys.com
Investors – Pamela Quintiliano
investors@macys.com
Source: Macy’s, Inc.
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