Macy's Inc. received a Zacks Rank #1 (Strong Buy), signaling a positive analyst outlook. The rating follows the successful execution of the "A Bold New Chapter" strategy. This strategy closes underperforming stores, invests in top-performing locations, and enhances the digital presence.
The strategy yielded the strongest comparable sales increase in 13 quarters. Go-forward stores demonstrated positive comparable sales growth. Earnings surpassed expectations, indicating strengthening business fundamentals despite a cautious consumer environment.
Analysts recently revised earnings estimates upward for fiscal 2025 and 2026.