07:28 AM EDT, 05/28/2025 (MT Newswires) -- Macy's (M) reported fiscal Q1 adjusted earnings Wednesday of $0.16 per diluted share, down from $0.27 a year earlier.

Analysts polled by FactSet expected $0.15.

Total revenue for the quarter ended May 3 was $4.79 billion, compared with $5 billion a year earlier.

Analysts polled by FactSet expected $4.42 billion.

The company said it expects lower fiscal 2025 adjusted diluted EPS of $1.60 to $2, from $2.05 to $2.25 anticipated previously. Analysts polled by FactSet expect $1.91.

The company continues to expect net sales of $21 billion to $21.4 billion. Analysts polled by FactSet expect $21.03 billion.

Macy's shares were up more than 1% in recent premarket activity.