Macy's, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results

$M
Department/Specialty Retail Stores
Consumer Discretionary
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Recent Analyst Ratings for
$M

DatePrice TargetRatingAnalyst
3/7/2025$17.00 → $15.00Market Perform
Telsey Advisory Group
3/6/2025$19.00 → $14.00Overweight → Neutral
Analyst
3/6/2025Accumulate → Hold
Gordon Haskett
2/13/2025Buy → Accumulate
Gordon Haskett
12/16/2024$20.00Hold → Buy
Gordon Haskett
8/22/2024$21.00 → $17.00Market Perform
Telsey Advisory Group
2/29/2024$23.00 → $20.00Outperform → Market Perform
TD Cowen
2/28/2024$15.00 → $21.00Market Perform
Telsey Advisory Group
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$M
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  • Good American Launches at Macy's, Expanding the Retailer's Denim Offerings

    Good American debuts at Macy's, reaching a new milestone in their retail expansion Good American, global brand co-founded by Khloé Kardashian and Emma Grede, and known for its innovative and inclusive approach to denim, launches at Macy's in 36 doors for the Spring 2025 season and will expand to a total of 79 doors starting in the Fall 2025. This partnership with Macy's is a significant moment for the brand, expanding its reach to millions of new customers across the country and enhancing accessibility to Good American's premium denim and wardrobe essentials. Macy's footprint nationwide offers the perfect platform for Good American to further solidify its presence in the retail space and c

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary
  • Macy's, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results

    Macy's, 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 company's prior guidance range. Macy's, 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%. Macy's First 50 locations delivered fourth consecutive quarter of comparable sales growth, up 0.8% on an owned basis and up 1.2% on an owned-plus-licensed basis. Bloomingdale's reported o

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary
  • Macy's, Inc. Board of Directors Declares Quarterly Dividend

    The board of directors of Macy's, Inc. (NYSE:M) today declared a regular quarterly dividend of 18.24 cents per share on Macy's, Inc.'s common stock, an increase of 5%, payable on April 1, 2025, to shareholders of record at the close of business on March 14, 2025. About Macy's, Inc. Macy's, Inc. (NYSE:M) is a trusted source for quality brands through our iconic nameplates – Macy's, Bloomingdale's and Bluemercury. Headquartered in New York City, our comprehensive digital and nationwide footprint empowers us to deliver a seamless shopping experience for our customers. For more information, visit macysinc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary

$M
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  • Macy's, Inc. Appoints Robert Chavez to Board of Directors

    Macy's, Inc. (NYSE:M) today announced the appointment of a new independent director, Robert Chavez, to its Board of Directors (the "Board"), effective April 1, 2025. Chavez has spent the entirety of his more than 45-year career in the retail industry, with a focus on the luxury space. He most recently served for 24 years as President and Chief Executive Officer of Hermès Americas, a division of Hermès International Société, where he oversaw operations in the U.S., Canada and Latin America, which included growing the e-commerce business, expanding product offerings and adding new stores to the brand's portfolio. Previously, he served for eight years as the Chief Executive Officer of Etienn

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary
  • BLOOMINGDALE'S LAUNCHES "CAMP BLOOMINGDALE'S"

    The newest Carousel @ Bloomingdale's offers shoppers a sentimental one-stop-shop for summer must-haves NEW YORK, April 11, 2024 /PRNewswire/ -- Bloomingdale's today announces the launch of its latest Carousel: Camp Bloomingdale's. The pop-up space will transform into the ultimate summer destination for all ages, complete with a wide assortment of multicategory must-haves including swimwear, accessories, beauty, food, beverage favorites, and so much more. For the first time, Bloomingdale's will welcome Coleman, the experts in outdoor gear and equipment, offering an array of campsite essentials.

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary
  • Arkhouse Issues Statement on Settlement with Macy's

    Arkhouse Management Co. LP (together with its affiliates, "Arkhouse", "we" or "us"), which owns a significant stake in Macy's, Inc. ("Macy's" or the "Company") (NYSE:M), today issued the following statement regarding its settlement with the Company, including the appointment of its director nominees Richard (Ric) Clark and Richard (Rick) L. Markee to the Board of Directors (the "Board") of the Company and the Board's Finance Committee. The following is attributable to Gavriel Kahane and Jonathon Blackwell, Arkhouse Managing Partners. "Ric Clark and Rick Markee bring tremendous dealmaking experience to Macy's Board and will be instrumental in maximizing value for shareholders. As a result

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary

$M
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  • Macy's, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results

    Macy's, 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 company's prior guidance range. Macy's, 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%. Macy's First 50 locations delivered fourth consecutive quarter of comparable sales growth, up 0.8% on an owned basis and up 1.2% on an owned-plus-licensed basis. Bloomingdale's reported o

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary
  • Macy's, Inc. Board of Directors Declares Quarterly Dividend

    The board of directors of Macy's, Inc. (NYSE:M) today declared a regular quarterly dividend of 18.24 cents per share on Macy's, Inc.'s common stock, an increase of 5%, payable on April 1, 2025, to shareholders of record at the close of business on March 14, 2025. About Macy's, Inc. Macy's, Inc. (NYSE:M) is a trusted source for quality brands through our iconic nameplates – Macy's, Bloomingdale's and Bluemercury. Headquartered in New York City, our comprehensive digital and nationwide footprint empowers us to deliver a seamless shopping experience for our customers. For more information, visit macysinc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary
  • Macy's, Inc. to Report Fourth Quarter and Fiscal Year 2024 Results on March 6, 2025

    Macy's, Inc. (NYSE:M) will report its fourth quarter and fiscal year 2024 sales and earnings results on Thursday, March 6. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. ET. The call will be hosted by Macy's, Inc.'s Chairman and Chief Executive Officer Tony Spring and Chief Operating Officer and Chief Financial Officer Adrian Mitchell. The general public and the media will be able to access the live webcast and associated presentation via the company's website at www.macysinc.com. To participate in the call, analysts and investors may call 1-877-407-0832. A replay of the conference call will be available on the company's website or by calling 1

    $M
    Department/Specialty Retail Stores
    Consumer Discretionary

$M
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