Macys Inc (0JXD.L) Q4 2024 Earnings Report

Macy's QQ4 2024 delivered a pronounced earnings rebound driven by a strong top-line recovery and meaningful improvements in profitability. Revenue reached $8.007 billion, up 60.14% year-over-year and 63.31% quarter-over-quarter, underpinned by favorable demand and an aggressive but disciplined promotional strategy. Gross profit totaled $3.016 billion for a gross margin of 37.67%, marking a material improvement versus prior periods and signaling favorable leverage on fixed costs as the company scales its omnichannel template. Operating income was $499 million (6.23% margin), a dramatic YoY uplift of 299.2% and QoQ surge of 679.69%, with net income of $342 million and diluted EPS of $1.21, while basic EPS stood at $1.23. EBITDA reached $681 million, translating to an EBITDA margin of 8.51%.