Macy's, Inc. (M) · wyniki IV kw. 2026 i wycena

Przy wzroście −3,9% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $30.62 na akcję — kurs jest o 21% poniżej niej. Obecna cena zakłada wzrost o −6,7% rocznie.

1. Główny temat

   The execution of the Bold New Chapter strategy and a strong balance sheet drove enterprise-wide improvements and measurable traction during the transformation period.

   Cytat ze źródła

   “Solid execution of our Bold New Chapter strategy, supported by our strong balance sheet drove enterprise-wide improvements. 2025 was a year of transformation. We're gaining measurable traction and delivering meaningfully positive results.”

2. Prognoza

   Full-year net sales expected at approximately $21.4 billion to $21.65 billion.

   Cytat ze źródła

   “With that, for the full year, we expect net sales of approximately $21.4 billion to $21.65 billion.”

3. Prognoza

   Tariffs expected to reduce gross margin by roughly 20 to 30 basis points.

   Cytat ze źródła

   “We expect tariff impact to gross margin of roughly 20 to 30 basis points.”

4. Słabnie

   Besides revenue market share for SUVs, Macy's' LCV share has gone up 10 basis points also at 51.9% now.

   Cytat ze źródła

   “Besides revenue market share for SUVs, our LCV share has gone up 10 basis points also at 51.9% now. New product launches, you've heard about, have done very well. Farm volume up from an export standpoint, 36%.”

Management was more positive answering analysts than in its script — usually a sign it was comfortable with the details it was asked about.

Zdania, które wpłynęły na ton

“Bloomingdale's comparable sales rose 9.9%, benefiting from its best holiday result on record, and Bluemercury comparable sales increased 1.3%.”

“In 2025, Bloomingdale's achieved 7.4% comparable sales growth, representing a 490 basis point improvement versus last year and a 1,030 point improvement on a 2-year basis.”

“Bloomingdale's has strong momentum with multiple levers for continued growth.”