Macy's Inc. stated on Thursday that its net sales for the fourth quarter of fiscal 2025 fell by 4.53% from last year's to $7.7 billion, while its full-year net sales decreased by 3.58% to $22.3 billion.
For the quarter ending February, Macy's net income was $342 million, or $1.21 per diluted share, a better performance than the same quarter of 2024, when the company's bottom line logged $128 million in losses. On an annual basis, the company declared a net income of $582 million or $2.07 per diluted share. For 2025, Macy's expects net sales between $21 billion and $21.4 billion.
"At Macy's, our First 50 locations delivered four quarters of increased sales, while our luxury nameplates, Bloomingdale's and Bluemercury, achieved accelerated annual sales growth. As we enter the second year of our strategy, we plan to scale initiatives that are resonating with our customers to drive long-term profitable growth and further unlock shareholder value," Tony Spring, chairman and chief executive officer of Macy's said.
Following the report's publication, Macy's shares fell by 2.7% in premarket trading in New York.
