Macy's, Inc. Reports Second Quarter 2025 Results

Macy's, Inc. has released its financial results for the second quarter of 2025, showcasing a performance that exceeded the company's guidance in several key areas. The company, known for its iconic nameplates including Macy's, Bloomingdale's, and Bluemercury, has demonstrated resilience and strategic growth amidst a challenging retail environment.

Financial Highlights

For the second quarter of 2025, Macy's, Inc. reported net sales of $4.8 billion, surpassing its guidance. The company achieved a GAAP diluted EPS of $0.31 and an adjusted diluted EPS of $0.41, both above the expected range. Comparable sales increased by 0.8% on an owned basis and 1.9% on an owned-plus-licensed-plus-marketplace (O+L+M) basis, reflecting positive performance across all nameplates.

Business and Operational Highlights

Macy's Reimagine 125 locations continued to outperform, with comparable sales growth of 1.1% on an owned basis and 1.4% on an O+L basis. Bloomingdale's marked its fourth consecutive quarter of growth, with comparable sales up 3.6% on an owned basis and 5.7% on an O+L+M basis. Bluemercury also reported its 18th consecutive quarter of gains, with comparable sales growth of 1.2%.

Strategic Initiatives and Corporate Developments

During the second quarter, Macy's returned $100 million to shareholders through dividends and share repurchases. The company also completed a series of financing transactions, resulting in a net reduction of long-term debt by approximately $340 million. Macy's now has no material long-term debt maturities until 2030, enhancing its financial flexibility.

Management's Perspective

Tony Spring, chairman and chief executive officer of Macy's, Inc., commented, "Our teams achieved better than expected top- and bottom-line results during the second quarter, driven by our strongest comparable sales growth in 12 quarters. Our performance highlights the advantages of being a multi-brand, multi-category, omni-channel retailer. The substantive, enterprise-wide improvements across our business, with a strong focus on customer experience, give us further confidence that our Bold New Chapter initiatives can drive sustainable, long-term profitable growth."

Future Outlook

Looking ahead, Macy's has revised its annual guidance, raising its net sales and adjusted diluted EPS expectations. The company now anticipates net sales between $21.15 billion and $21.45 billion for the full year 2025, with adjusted diluted EPS projected to be in the range of $1.70 to $2.05. Macy's remains committed to its Bold New Chapter strategy, aiming to reinvest savings to support long-term sales growth.

SEC Filing: Macy's, Inc. [ M ] - 8-K - Sep. 03, 2025