Macy's Posts 1.9% Comp Sales Gain in Q2

Macy’s (NYSE:M), the storied department store chain behind the iconic Thanksgiving Day Parade, released its second-quarter fiscal 2025 earnings on Sept. 3, 2025. The company posted net sales of $4.81 billion and adjusted earnings per share (EPS) of $0.41, exceeding management’s guidance range of $0.15 to $0.20 (provided in the Q1 report). Comparable sales, a crucial industry gauge that includes owned, licensed, and marketplace transactions, increased 1.9% (non-GAAP). While adjusted profitability beat forecasts, there were pockets of weakness, including a year-over-year decline in net sales and an 80-basis-point drop in gross margin.

Overall, the quarter showed clear progress in Macy’s transformation efforts, but management signaled ongoing caution about promotional activity and cost pressures heading into the back half of the year.

Source: Macy's.

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