Macy’s Cuts FY Adjusted EPS Outlook To Account For Initial & Current Tariffs

May 28 (Reuters) - Macy's Inc M.N:

• MACY’S Q1 COMPARABLE SALES DOWN 2% ON AN OWNED BASIS

• MACY’S Q1 NET SALES $4.6 BILLION VERSUS IBES ESTIMATE $4.5 BILLION

• MACY’S Q1 ADJUSTED EPS $0.16 VERSUS IBES ESTIMATE $0.14

• MACY’S: REAFFIRMS 2025 NET SALES, COMPARABLE OWNED-PLUS-LICENSED-PLUS-MARKETPLACE SALES GUIDANCE

• MACY’S OUTLOOK 2025 ADJUSTED EPS $1.60 TO $2.00 VERSUS IBES ESTIMATE $1.93

• MACY’S: CUTS FY ADJUSTED EPS OUTLOOK TO ACCOUNT FOR INITIAL & CURRENT TARIFFS; MODERATION IN CONSUMER DISCRETIONARY SPENDING

Source text: [ID:]