Macy’s, Inc, expects Q4 2024 net sales near or slightly below the $7.8-$8.0 billion range, with adjusted diluted EPS in line with $1.40-$1.65.
Its top 50 Macy’s stores, Bloomingdale’s, Bluemercury, and online sales saw growth, but other stores underperformed, keeping sales flat.
CEO Tony Spring reaffirmed expansion plans for 75 more stores in fiscal 2025 under its new strategy.