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Macy's Feels Tariffs And Consumer Spending Heat, Cuts Profit Forecast
MMacy's(M) Benzinga·2025-05-28 21:29

Macy's Inc. M on Wednesday revised its annual outlook on initial and current tariffs, some moderation in consumer discretionary spending, and a heightened competitive promotional landscape. Macy's reported adjusted earnings of 16 cents per share, beating the consensus of 14 cents. Macy's lowered fiscal 2025 adjusted earnings per share from 2.052.05-2.25 to 1.601.60-2.00 compared to the consensus of 1.93.Still,theretailgiantaffirmedits2025salesguidanceof1.93. Still, the retail giant affirmed its 2025 sales guidance of 21 billion-$21.4 billion versus the consensus ...