CNBC reported that Macy’s beat Wall Street’s fourth quarter expectations, but is cautious about its 2026.
The company is planning to refresh its stores and close some.
For the fiscal year, the company expects sales of between $21.4 billion and $21.65 billion and adjusted earnings per share of $1.90 to $2.10.
That would represent a drop from this past fiscal year, when revenue totaled $21.8 billion and adjusted earnings per share were $2.15.
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Macy’s sales outlook roughly matched or exceeded analysts’ expectations of $21.42 billion, but its adjusted earnings guidance came in short of Wall Street’s expectations of $2.17 per share for the year.
