Today, Macy’s, Inc. released its second quarter 2025 financial results and updated its full-year earnings guidance.
In Q2, Macy’s reported net sales of $4.8 billion, exceeding estimates of $4.76 billion, with comparable sales increasing by 0.8%.
The retailer is seeing positive results from CEO Tony Spring’s turnaround plan, launched last February. The plan involves closing 150 Macy’s stores by 2026, reinvesting in promising locations, and enhancing product selection and loyalty programs.
Today, Spring told investors, “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, reflecting the strong performance in Macy’s Reimagine 125 locations, Bloomingdale’s and Bluemercury.”
“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,” Spring concluded.
Moving forward, the company has forecast its annual net sales to range between $21.15 billion and $21.45 billion, up from $21 billion to $21.4 billion.
By CEO NA Editorial Staff
