Macy’s, Inc. is a prominent American department store chain, operating under three main nameplates: Macy’s, Bloomingdale’s, and Bluemercury. The company reported its first-quarter results for 2025, revealing a stable performance characterized by a modest decline in sales.

For the first quarter, Macy’s, Inc. posted net sales of $4.6 billion, which exceeded previous guidance estimating sales of $4.4 billion to $4.5 billion. This figure marks a 5.1% decrease compared to the same period last year, primarily attributed to store closures from the prior year. Comparable sales, which track owned-plus-licensed-plus-marketplace, saw a decline of 1.2%, outperforming initial guidance predicting a decline of 4.5% to 2.5%. Notably, international tourism negatively impacted comparable sales by approximately 30 basis points.

Adjusted diluted earnings per share (EPS) was reported at $0.16, surpassing the guidance range of $0.12 to $0.15, though it reflects a decrease from the previous year’s $0.27. Gross margin remained stable at 39.2%, although delivery expense increased as a percentage of net sales, influenced by heightened digital penetration.

Macy’s, Inc. has observed fluctuations in several business segments. Comparable sales at Macy’s, which encompass all locations and online channels, declined by 2.1%. Specifically, the reimagined 125 locations within the Macy’s chain fared better, showing a decrease of 0.8% in comparable sales. Conversely, Bloomingdale’s experienced a notable increase with net sales rising by 2.6%, and comparable sales growing by 3.8%. Bluemercury also reported a positive trajectory, with net sales up 0.8% and comparable sales rising by 1.5%, marking its 17th consecutive quarter of growth.

For shareholder returns, the company distributed approximately $152 million, which included $51 million in dividends and $101 million in share repurchases. Inventory levels slightly declined by 0.5% year-over-year, positioning the company favorably entering the second quarter.

Looking ahead, for the second quarter of 2025, guidance remains unchanged with projected net sales between $4.65 billion and $4.75 billion. The company expects comparable sales to range from a decrease of 1.5% to an increase of 0.5%. For the full fiscal year, net sales guidance remains set at $21 billion to $21.4 billion, with anticipated comparable sales declining by approximately 2% to 0.5%. Additional financial targets include an adjusted EBITDA margin of 7.4% to 7.9% and adjusted diluted EPS of $1.60 to $2.00, excluding potential share buybacks.

In summary, Macy’s, Inc. reported a stable first quarter despite a slight decline in year-over-year sales figures, and it continues to navigate external challenges while reaffirming its annual guidance across multiple segments.