Macy’s, Inc has reported net sales of $4.7 billion in Q3 2024, a decline of 2.4 per cent YoY, with gross margin at 39.6 per cent.
Net income was $28 million, down from $41 million.
Nine-month sales reached $14.525 billion, and net income rose to $240 million.
Macy’s 2024 outlook projects $22.3-$22.5 billion in sales, with adjusted EPS of $2.25-$2.50.