Macy's Feels Tariffs And Consumer Spending Heat, Cuts Profit Forecast
1. Macy's lowers 2025 adjusted EPS outlook to $1.60-$2.00 versus $1.93 consensus. 2. Sales guidance maintained at $21 billion-$21.4 billion, below consensus of $21.31 billion. 3. Q1 2025 net sales dipped 5.1% year-over-year but surpassed consensus estimates. 4. Comparable sales down across owned and licensed locations, offset by growth at Bloomingdale's. 5. Core adjusted EBITDA forecast decreased to 7.0%-7.5% for 2025.