Macy’s is expected to report revenue of $7.52 billion and earnings per share of $1.55 for the quarter ending January 31, with its current stock price of $17.05 trading below the average analyst target of $21.17.
Investors are primarily focused on comparable store sales, which are projected to decline by roughly 1.5% as the retailer continues its aggressive fleet rationalization.
The company is currently in the second year of its 'A Bold New Chapter' turnaround plan, which involves closing 150 underperforming stores through 2026 to focus on high-potential locations. Success in this report hinges on whether strength in luxury banners like Bloomingdale’s can offset persistent demand softness in the core department store segment.