Macy’s ( (M) ) has released its Q2 earnings. Here is a breakdown of the information Macy’s presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Macy’s, Inc. is a renowned omni-channel retailer operating under the iconic nameplates of Macy’s, Bloomingdale’s, and Bluemercury, offering a wide range of products from off-price to luxury across the United States. In its latest earnings report for the second quarter of 2025, Macy’s, Inc. exceeded its guidance for net sales and adjusted diluted earnings per share, showcasing its strongest comparable sales growth in 12 quarters. The company reported net sales of $4.8 billion and an adjusted diluted EPS of $0.41, both surpassing expectations. Macy’s Reimagine 125 locations, Bloomingdale’s, and Bluemercury all contributed positively to the company’s comparable sales growth.
Key financial highlights include a 0.8% increase in comparable sales on an owned basis and a 1.9% rise on an owned-plus-licensed-plus-marketplace basis. Bloomingdale’s achieved a 3.6% increase in comparable sales on an owned basis, while Bluemercury marked its 18th consecutive quarter of growth with a 1.2% increase. Despite a 2.5% decrease in net sales due to store closures, Macy’s, Inc. managed to return $100 million to shareholders through dividends and share repurchases.
The company’s gross margin rate declined slightly to 39.7% due to proactive markdowns, while SG&A expenses decreased by $29 million. Macy’s, Inc. also fortified its balance sheet by reducing long-term debt by approximately $340 million, ensuring no major debt maturities until 2030. The company ended the quarter with $829 million in cash and cash equivalents and $2.0 billion in available borrowing capacity.
Looking ahead, Macy’s, Inc. has raised its annual guidance for net sales and adjusted diluted EPS, reflecting its confidence in navigating the competitive landscape. The company remains committed to its Bold New Chapter strategy, focusing on sustainable, long-term growth while adapting to evolving consumer preferences and market conditions.