New York — Messi’s sales and profits declined in the first quarter and the store, citing More customers are careful and It affects that the American trade war The company and shoppers will have to reduce profit forecast for 2025.
However, the New York retail company, which also owns the Blooomingdale’s and Bluemercury Cosmetics series, which topped most of the performance expectations for the first three months of the year and maintained its sales expectations for this year.
The shares rose more than 4 % before the market opened on Wednesday.
MACY sales fell to $ 4.79 billion from $ 5 billion in the previous year, better than $ 4.42 billion that were polled by FactSet.
Similar sales, which include online channels, decreased 2 %. Bloomingdale’s and Bluemercury has seen a similar growth for sales.
Neil Sonders, the administrative director of Globaldata, pointed out the growth of similar sales by 3 % of Bloomingdale.
He said: “The good implementation of Bloomingdale’s and a variety of luxury products and prestige products have served them well.” “This is especially compared to the chains that play exclusively in the very high price square, which lost customers and saw spending erosion.”
“The results of our first quarter give us confidence that we have the right strategy and the team in force to move in the current environment while we continue to invest in our customers on the way back to MACY, Inc. for sustainable profitable growth.”
During the period ending May 3, Messi got $ 38 million, or 13 cents per share. This compares 62 million dollars, or 22 cents per share, a year ago.
The abstraction of some elements, the profits were 16 cents per share, which topped Wall Street by a penny.
The company still expects 2025 sales in the range of $ 21 billion to 21.4 billion dollars. You now expect modified profits throughout the whole year between $ 1.60 and $ 2 per share. Its previous forecast for a rate of 2.05 dollars to $ 2.25 per share.
Industrial analysts expected sales throughout the whole year of $ 21.03 billion and a modified profit per share of $ 1.91.
Macy and other retailers wrestle with uncertainty about the customs tariff that makes it difficult to plan, with competing with customers who seem to have the same problems and return to stand up.
The American Eagle Outfitters She withdrew her financial outlook For the previous year of this month, quoting “total uncertainty” and said he would write $ 75 million in goods in spring and summer.
Ross stores the same past.
Wall Mart, the largest retail dealer in the country, I got an audience from President Donald Trump After he said this month that he I have already raised prices on some elements He is forced to do this again properly when the shopping season begins in school. Trump told the retail giant that he should “eat” the additional costs created by the definitions.
Target Corp announced last week that Sales fell more than expected in the first quarter, The retailer warned that they would slip throughout 2025 as its customers, who are concerned about the impact of definitions and the economy, to retract spending. The company said it should be able to compensate for most of the effects of definitions.
Trump taxes that were threatened by 145 % on Chinese goods were reduced to 30 % in a deal May 12With some higher definitions to stop for 90 days. On Friday, Trump threatened everyone to everyone Imports from the European Union In addition to a 25 % tariff on smartphones, unless these products are Made in America.
But on Sunday, Trump said that the United States will delay the implementation of a 50 % tariff on goods from the European Union from June 1 to July 9 to buy time for negotiations with the bloc.
Messi’s executive officials confirmed during the last profit call that the company is facing a lot of ability to predict the constantly changing tariff policies. But the company focuses on what can control the improvement of its goods and services.
The company’s executives told analysts about the profit call in March that Messi is working with its suppliers to increase diversity and reduce the excessive methods of need, with more exclusive offers. It also focuses on improving the brand for its store.
