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Earnings transcript
Read the complete earnings call transcript.
M
Macy’s, Inc.
$22.18
-0.08
(-0.36%)
| Exchange: | NYSE |
| Market Cap: | 5.834B |
| Shares Outstanding: | 223.762M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Department Stores | |||||
| CEO: | Antony Spring | |||||
| Full Time Employees: | 94189 | |||||
| Address: |
| |||||
| Website: | https://www.macysinc.com |
Macy’s, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications. The company offers a broad assortment of merchandise, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other general consumer goods. As of January 29, 2022, Macy’s operated 725 department stores domestically in locations such as the District of Columbia, Puerto Rico, and Guam. These stores are branded under several well-known names like Macy’s, Macy’s Backstage, Market by Macy’s, Bloomingdale’s, Bloomingdale’s The Outlet, Bloomies, and the beauty retailer bluemercury. Internationally, Macy’s also extends its reach through licensing agreements, with operations in Dubai, United Arab Emirates, and Al Zahra, Kuwait. The company maintains a presence in the beauty and spa retail sector. Originally established in 1830, the company was previously known as Federated Department Stores, Inc. It officially changed its name to Macy’s, Inc. in June 2007, and its corporate headquarters are located in New York, New York.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 23,866,000 | 23,006,000 | 22,621,000 |
| Gross Profit | 9,642,000 | 9,266,000 | 8,267,000 |
| EBITDA | 1,075,000 | 1,759,000 | 1,924,000 |
| Operating Income | 301,000 | 909,000 | 1,030,000 |
| Net Income | 45,000 | 582,000 | 642,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 16,246,000 | 16,402,000 | 16,238,000 |
| Total Liabilities | 12,109,000 | 11,850,000 | 10,502,000 |
| Total Stockholders Equity | 4,137,000 | 4,552,000 | 16,238,000 |
| Total Debt | 6,342,000 | 6,073,000 | 5,204,000 |
| Cash and Cash Equivalents | 1,034,000 | 1,306,000 | 1,246,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,305,000 | 1,278,000 | 1,430,000 |
| Capital Expenditure | -993,000 | -518,000 | -373,000 |
| Free Cash Flow | 312,000 | 760,000 | 1,057,000 |
| Net Income | 105,000 | 582,000 | 642,000 |
| Net Change in Cash | 172,000 | 273,000 | -61,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 29,947,163.788 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 31,603,880.448 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 30,930,773.797 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 849,763.900 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 896,773.961 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 877,674.265 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 674,896.642 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 723,917.570 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 699,407.106 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 10,451,998.800 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 11,030,217.180 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 10,795,293.100 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.500 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 2.570 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.400 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance in Q4 2024: Macy's, Inc. reported robust net sales and improved profitability for the fourth quarter of 2024, as highlighted in the earnings call transcript. This performance exceeded market expectations, reflecting strong operational execution and effective cost management.
- Positive Free Cash Flow and Financial Discipline: The cash flow statements indicate consistent generation of free cash flow, supported by strong operating cash flow metrics. This financial stability allows Macy's to fund strategic initiatives and maintain shareholder returns through dividends, as evidenced by the dividend yield (TTM) in key metrics.
- Strong Brand Presence in Retail Sector: As a well-established player in the retail industry, Macy's benefits from a recognized brand and a significant market cap, positioning it favorably within the sector. The company profile data underscores its extensive operational scale with a substantial number of full-time employees and a wide geographic presence.
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates M intrinsic value between $35.75 – $39.71 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about M valuation
Is Macy's, Inc. (M) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Macy's, Inc. (M) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
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What is M’s P/E ratio?
You can see M’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
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M
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Daily snapshot
-0.36
Trading Metrics:
| Open: | 22.5 | Previous Close: | 22.26 | |
| Day Low: | 21.64 | Day High: | 22.66 | |
| Year Low: | 10.54 | Year High: | 24.41 | |
| Price Avg 50: | 19.69 | Price Avg 200: | 19.65 | |
| Volume: | 5.731M | Average Volume: | 8.215M |
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Login — it's freeM full analysis
Welcome to MARKETSNAP’s SWOT analysis for Macy’s, Inc.! Hey everyone, I’m thrilled to dive into this iconic retailer with you today. We’re going to break down the strengths, weaknesses, opportunities, and threats for Macy’s, a name most of you already know as a cornerstone of American retail. So, let’s not waste time on the basics and get straight into what’s been happening with this company lately, how it’s performing, and what it means for long-term investors like us. First off,…
