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Compared to Estimates, Macy's (M) Q1 Earnings: A Look at Key Metrics

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Macy's (M - Free Report) reported $4.6 billion in revenue for the quarter ended April 2025, representing a year-over-year decline of 5.1%. EPS of $0.16 for the same period compares to $0.27 a year ago.

The reported revenue represents a surprise of +3.16% over the Zacks Consensus Estimate of $4.46 billion. With the consensus EPS estimate being $0.14, the EPS surprise was +14.29%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Macy's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Comparable store sales - Owned basis - YoY change (Domestic retail): -2% versus -4.3% estimated by five analysts on average.
  • Store Count - End of Period - Bluemercury: 170 compared to the 173 average estimate based on four analysts.
  • Macy's Stores - Boxes (EOP): 450 compared to the 452 average estimate based on four analysts.
  • Consolidated Number of stores: 679 compared to the 687 average estimate based on three analysts.
  • Net Sales: $4.60 billion versus $4.45 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.1% change.
  • Net Sales- Other Revenue: $194 million versus $177.43 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +26% change.
  • Net Sales- Other Revenue- Credit card revenues, net: $154 million versus $132.16 million estimated by three analysts on average.
  • Net Sales- Other Revenue- Macy's Media Network revenue, net: $40 million versus the three-analyst average estimate of $43.74 million. The reported number represents a year-over-year change of +8.1%.
View all Key Company Metrics for Macy's here>>>

Shares of Macy's have returned +5.3% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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