Macy's (M) PT Lowered to $14 at Citi
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Macy’s, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results
March 6, 2025 6:55 AM ESTNEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported financial results for the fourth quarter and fiscal year 2024 and provided fiscal year 2025 guidance.
Highlights
Achieved fourth quarter GAAP diluted earnings per share of $1.21; Adjusted diluted earnings per share of $1.80 exceeded the companys prior guidance range. Macys, Inc. reported fourth quarter comparable sales down 1.1% on an owned basis; achieved its best owned-plus-licensed-plus-marketplace comparable sales since the first quarter of 2022, up 0.2%. Macys First 50 locations delivered fourth consecutive quarter of comparable sales growth, up 0.8%... More