09:56 AM EDT, 09/03/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

Macy's (M) shares were up 21% in recent Wednesday trading after the company posted fiscal Q2 adjusted earnings and net sales that topped analyst estimates and raised its fiscal 2025 outlook.

The company 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.

Price: 16.22, Change: +2.73, Percent Change: +20.20