Macys Inc (0JXD.L) q1 2025 Earnings Report

Executive Summary

Macys Inc delivered a mixed QQ1 2025 with a modest year-over-year revenue decline of 5.95% to $4.793 billion and a continued drag on profitability from high operating costs. Despite a healthy gross margin of approximately 41.7%, operating income remained subdued at $94 million (2.0% margin) and net income stood at $38 million (0.8% net margin), reflecting ongoing cost pressures and a challenging macro backdrop for discretionary retail. Free cash flow remained negative (-$241 million) driven by a negative operating cash flow of -$64 million and notable working capital outflow, underscoring the need for disciplined working capital management and continued cost containment. The balance sheet shows a sizable long-term debt load ($5.658 billion) and net debt of roughly $4.73 billion, with liquidity supported by cash and equivalents around $932 million at quarter-end. Management commentary in the earnings context (where available in the dataset) is not captured in this dataset; as a result, the qualitative read is anchored to the reported metrics and sector dynamics. The near-term investment thesis hinges on Margin recovery through SG&A optimization and inventory discipline, ongoing omnichannel initiatives, and capital allocation that improves free cash flow while preserving liquidity.

Key Performance Indicators

Revenue

4.79B

QoQ: -40.14% | YoY:-5.95%

Gross Profit

2.00B

41.69% margin

QoQ: -33.75% | YoY:-7.41%

Operating Income

94.00M

QoQ: -81.16% | YoY:-49.19%

Net Income

38.00M

QoQ: -88.89% | YoY:-74.67%

EPS

0.14

QoQ: -88.62% | YoY:-74.07%

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Revenue: 4,793,000,000 (Q1 2025). YoY change: -5.95%; QoQ change: -40.14%. Gross profit: 1,998,000,000; Gross margin: 41.69%. Operating income: 94,000,000; Operating margin: 1.96%. EBITDA: 314,000,000; EBITDA margin: 6.55%. Net income: 38,000,000; Net margin: 0.79%. Earnings per share (diluted): 0.14; Weighted average shares outstanding: 277.6 million. Cash flow from operations: -64,000,000; Free cash flow: -241,000,000. Capital expenditures: -177,000,000. Net debt: -4,732,000,000 (Net debt). Total debt: 5,664,000,000. Cash and cash equivalents: 932,000,000. Current assets: 6,291,000,000; Current liabilities: 4,387,000,000; Current ratio: ~1.43. Inventory: 4,663,000,000. Long-term debt: 5,658,000,000. Total assets: 16,089,000,000; Total liabilities: 11,638,000,000; Total stockholders’ equity: 4,451,000,000. Note: YoY and QoQ metrics reflect reported quarterly performance; four-quarter comparisons are available in the dataset’s incomeMetrics section.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	4.79B	-5.95%	-40.14%
Gross Profit	2.00B	-7.41%	-33.75%
Operating Income	94.00M	-49.19%	-81.16%
Net Income	38.00M	-74.67%	-88.89%
EPS	0.14	-74.07%	-88.62%

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
0JXD.L Focus	41.69%	N/A	N/A	N/A
0EV1.L	23.90%	9.33%	-0.85%	-99.22%
0UC3.L	27.80%	9.44%	-2.84%	-50.77%
0QYE.L	46.30%	9.85%	3.67%	67.05%
0KAK.L	36.10%	21.70%	2.70%	12.41%

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	4,999.00	0.31	-1.9%	View
Q1 2025	4,793.00	0.14	-6.0%	View
Q4 2024	8,007.00	1.21	+60.1%	View
Q3 2024	4,903.00	0.10	-1.9%	View
Q2 2024	5,096.00	0.53	-39.2%	View

Macys Inc (0JXD.L) Q1 2025 Earnings Report

Earnings Highlights

Macys Inc (0JXD.L) QQ1 2025 Results Analysis — Revenue Decline with Margin Resilience in a Challenging Consumer Cyclical Environment

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

Macys Inc (0JXD.L) Q1 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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