Breaking News
Sep 8, 2025
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Macy's Inc. plunged 0.03% to $17.30 after the department store chain operator reported a 48% decline in profit in the fiscal second quarter ending on August 2.
Consolidated revenue edged lower to $5 billion from $5.1 billion, net income declined to $87 million from $150 million, and diluted earnings per share fell to 31 cents from 53 cents a year ago.
The company returned $100 million to shareholders, including $50 million in quarterly dividends and $50 million in share repurchases.
The company's board declared a regular quarterly dividend of 18.24 cents per share, payable on October 1 to shareholders on record on September 15.
Macy's revised its annual revenue guidance to between $21.15 billion and $21.45 billion and adjusted diluted earnings per share to between $1.70 and $2.05.
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