Macy's Q4 Revenue Lag And Annual Outlook Disappoints Investors, Stock Slides

Macy's shares dropped in premarket following a 4.3% decline in fourth-quarter sales. However, the company posted a positive operating income of $500 million and a better-than-expected adjusted EPS of $1.80. For FY25, Macy's projects revenue between $21.0 billion and $21.4 billion, under analysts' expectations.