Macy's falls after forecasting annual net sales, profit below estimates

Shares of department-store chain Macy's M.N down 2% at $13.05 premarket

Company forecasts 2025 net sales in the range of $21.0 billion to $21.4 billion, compared with analysts' average estimate of $21.81 billion, according to data compiled by LSEG

Forecasts annual adjusted EPS at $2.05 to $2.25, below the estimate of $2.31

Bloomingdale's parent posts Q4 net sales of $7.77 billion, compared with analysts' expectation of $7.87 billion

Shares down about 21.3% YTD, as of last close