Macy's Inc

M: XNYS (USA)

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Macy's Earnings: Strategic Actions Have Brought Stability Despite Challenges; Shares Fairly Valued

David Swartz

Dec 3, 2025

Macy's achieved 2.5% (owned) same-store sales growth in the third quarter. Its gross margin fell 20 basis points to 39.4% (with 50 basis points of negative impact from tariffs), but its selling, general, and administrative expenses as a percentage of revenue improved by 90 basis points to 41.2%.

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Macy's Inc

Macy's Earnings: Strategic Actions Have Brought Stability Despite Challenges; Shares Fairly Valued

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