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Macy's fourth quarter is mixed and its 2025 outlook is tempered by tariffs and leery shoppers

By ANNE D'INNOCENZIO - Mar 06, 2025, 10:23 AM ET
Last Updated - Mar 06, 2025, 10:23 AM EST
Earns Macy's
FILE - A Macy's department store is in Bay Shore, Long Island, New York, on Tuesday, December 12, 2023. (AP Photo/Ted Shaffrey, File)

Macy’s swung to a profit in the fourth quarter, though sales dipped with shoppers still cautious about spending

NEW YORK (AP) — Macy's swung to a profit in the fourth quarter, though sales dipped with shoppers remaining cautious about spending.

The strength of the quarterly profit surprised Wall Street, but sales were just below expectations and uncertainty about both the American consumer and new tariffs seeped into the company's outlook for 2025.

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Shares dipped 1% in morning trading Thursday.

Macy's joins other retailers including Walmart, Target, Best Buy and Abercrombie & Fitch that have grown cautious about their expectations for 2025.

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