Macy’s, Inc. reported third-quarter 2025 net sales of $4.7 billion, slightly down 0.6% from the prior year but ahead of its guidance range. GAAP diluted EPS of $0.04 and adjusted diluted EPS of $0.09 both came in above guidance, supported by better-than-expected sales, gross margin, and SG&A discipline.
Third-quarter comparable sales for Macy’s, Inc. rose 2.5% on an owned basis and 3.2% on an owned-plus-licensed-plus-marketplace basis, marking the strongest comp growth in 13 quarters and signaling clear traction in its Bold New Chapter strategy. The company’s go-forward business delivered 2.7% owned and 3.4% O+L+M comparable sales growth, highlighting the impact of store rationalization and investment in higher-performing locations.
Bold New Chapter and Reimagine 125 drive the turnaround
Macy’s, Inc. said its go-forward business showed its second consecutive quarter of comparable sales growth, with Reimagine 125 locations again outperforming the broader Macy’s fleet. Reimagined stores delivered 2.3% comparable sales growth on…
an owned basis and 2.7% on an owned-plus-licensed basis, underscoring the value of smaller, more productive formats with enhanced omni capabilities.
Across the total Macy’s nameplate, net sales, including store closures, declined 2.3%, reflecting the impact of the closure program, but comparable sales still increased 1.4% on an owned basis and 2% on an O+L+M basis.
For the Macy’s go-forward business specifically, comps improved to 1.7% owned and 2.3% O+L+M growth, suggesting that the portfolio mix is becoming more profitable and better aligned with shopper demand.
Tony Spring, chairman and chief executive officer of Macy’s, Inc., said, “Our third quarter sales were the strongest in 13 quarters, reflecting the acceleration of our Bold New Chapter strategy and demonstrating that the meaningful enterprise-wide changes we’ve made are resonating with customers…
Discussion
0 Comments
No comments yet
Start the conversation
Share your take on this story and help shape the discussion.
Sign in to join the discussion.