Macy’s stock was down 5% in premarket trading on Thursday after the retailer issued a profit warning as it faces “external uncertainties” in the midst of turnaround efforts.

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

Macy's Inc. M) on Thursday reported fiscal fourth-quarter earnings of $342 million. On a per-share basis, the New York-based company said it had net income of $1.21.

Reports Q4 revenue $8B, consensus $7.76B. Reports Q4 comparable sales down 1.1% on an owned basis and up 0.2% on an owned-plus-licensed basis.

B, consensus $21.34B. Sees FY25 Comparable owned-plus-licensed-plus-marketplace sales change down ~2.0% to down ...

Macy's said it expects 2025 net sales between $21 billion and $21.4 billion, compared with the average analyst estimate of ...

Macy’s is in the midst of an aggressive strategy to close underperforming stores and invest in better performing locations as ...

Macy's is joining a growing list of retailers to issue a weak outlook as the once iconic retailer posts tepid fourth quarter ...

Macy’s Inc. gave a more downbeat outlook for sales and profit this year than Wall Street had been expecting, a sign ...