India, May 28 -- While reporting financial results for the first quarter on Wednesday, omni-channel fashion retailer Macy's, Inc. (M) slashed its adjusted earnings guidance for the full-year 2025, while maintaining annual net sales outlook.
For fiscal 2025, the company now projects adjusted earnings in a range of $1.60 to $2.00 per share, down from the prior guidance range of $2.05 to $2.25 per share. The company continues to expect net sales between $21.0 billion and $21.4 billion, with comparable owned-plus- licensed-plus-marketplace sales decline of about 2.0 to 0.5 percent.
On average, analysts polled expect the company to report earnings of $1.92 per share on net sales of $21.03 billion for the year. Analysts' estimates typically exc...