07:19 AM EDT, 09/03/2025 (MT Newswires) -- Macy's (M) reported fiscal Q2 adjusted earnings Wednesday of $0.41 per diluted share, down from $0.53 a year earlier.

Analysts polled by FactSet expected $0.19.

Net sales for the quarter ended Aug. 2 were $4.81 billion, down from $4.94 billion a year earlier.

Analysts surveyed by FactSet expected $4.70 billion.

For fiscal 2025, the company now projects adjusted EPS at $1.70 to $2.05, up from its previous guidance range of $1.60 to $2. Analysts polled by FactSet expect $1.79.

Macy's now expects full-year net sales of $21.15 billion to $21.45 billion, compared with a prior outlook range of $21 billion to $21.4 billion. Analysts surveyed by FactSet expect $21.18 billion.

The company's shares were up nearly 11% in recent premarket activity.