Macy's Inc
19.54-0.16 (-0.81%)
Oct 29, 4:00:02 PM EDT · NYSE · M · USD
Key Stats
Market Cap
5.25BP/E (TTM)
11.10Basic EPS (TTM)
1.76Dividend Yield
0.04%Recent Filings
10-Q
Q2 FY2025 results
Macy's total revenue dipped 2% year-over-year to $4,999 million in Q2 FY2025 ended August 2, 2025, with net sales down 2.5% to $4,812 million, yet comparable sales rose 0.8% on an owned basis, fueled by 3.6% growth at Bloomingdale's and 1.2% at Bluemercury amid store closures. Gross margin slipped to 39.7% from 40.5%, pressured by markdowns and China tariffs, while operating income fell 33% to $149 million on higher restructuring costs. Diluted EPS dropped to $0.31 from $0.53, reconciling to 275.9 million shares; net loss aligned closely with operating levels. Cash stood at $829 million, free cash flow at $ -7 million (derived), with $2,432 million long-term debt after refinancing $500 million notes due 2033 and $1,957 million ABL availability through April 2030. No material M&A noted. Supply chain tariffs pose ongoing risks.
8-K
Macy's Q2 sales beat expectations
Macy's reported Q2 2025 net sales of $4.8 billion, down 2.5% from last year due to store closures, yet comparable sales rose 1.9% on an owned-plus-licensed-plus-marketplace basis—the strongest in 12 quarters. Bloomingdale's and Bluemercury drove gains with 5.7% and 1.2% comparable growth, respectively, while Reimagine 125 locations outperformed at 1.4%. Adjusted diluted EPS hit $0.41, beating guidance. The company raised full-year net sales outlook to $21.15-$21.45 billion and EPS to $1.70-$2.05, but tariffs may pressure margins.
8-K
Macy's issues $500M notes for debt refi
Macy's Retail Holdings issued $500 million of 7.375% senior notes due 2033 on July 29, 2025, to fund a tender offer and redeem $587 million in existing debt. The tender, upsized to $250 million, accepted all tenders of 2027 and 2030 debentures while prorating 2030 notes at 67.93%. This refi extends maturities but hikes interest costs. Forward-looking completion hinges on market conditions.
8-K
Macy's launches $500M notes offering
Macy's Retail Holdings plans a $500 million senior notes offering due 2033 to refinance debt, targeting up to $175 million in tender offers for select debentures and $587 million in redemptions of notes due 2028-2029, with redemptions set for July 29 and August 28, 2025. This move extends maturities while swapping higher-rate legacy debt for new unsecured obligations guaranteed by Macy's. Deals hinge on market conditions. Risks include failure to close if financing falters.
8-K
Macy's prices $500M notes
Macy's Retail Holdings priced $500 million of 7.375% senior notes due 2033 at par, with closing expected July 29, 2025. Proceeds, plus cash, will fund a tender offer and redeem $587 million of existing senior notes and debentures. The new debt extends maturities while carrying higher rates. Risks hinge on market conditions.
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