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BUZZ-Macy's falls as holiday-quarter sales forecast comes in below prior expectation

ReutersJan 13, 2025 12:20 PM

** Shares of department store chain Macy's M.N down ~3% at $15.41 in premarket trading

** Co expects Q4 net sales to be below the lower-end of prior forecast of $7.8 bln to $8 bln; analysts expected quarterly revenue to be $7.89 bln, as per data compiled by LSEG

** Expects Q4 adj. earnings per share to be in line with prior range of $1.40 to $1.65; analysts estimate quarterly adj. profit to be $1.57 per share

** M fell about 16% in 2024

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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