Macy’s Inc saw improvements in FY24 through store optimisation, digital growth, and strong Bloomingdale’s and Bluemercury performance.
Net sales fell 3.5 per cent to $22.3 billion, with comparable sales down 0.9 per cent.
Despite cost controls, SG&A rose to 36.2 per cent.
FY25 outlook remains cautious, with projected net sales of $21.0-$21.4 billion and EPS of $2.05-$2.25.
Net sales fell 3.5 per cent to $22.3 billion, with comparable sales down 0.9 per cent.
Despite cost controls, SG&A rose to 36.2 per cent.
FY25 outlook remains cautious, with projected net sales of $21.0-$21.4 billion and EPS of $2.05-$2.25.
