Macy's Inc. reported its fourth quarter and fiscal year 2024 results on March 6, 2025. The company's Q4 GAAP diluted earnings per share was $1.21, and adjusted diluted earnings per share was $1.80, exceeding prior guidance. Q4 comparable sales decreased by 1.1% on an owned basis but increased by 0.2% on an owned-plus-licensed-plus-marketplace basis. The 'First 50' Macy's locations showed growth, with comparable sales up 0.8% on an owned basis and 1.2% on an owned-plus-licensed basis. Bloomingdale's reported a 4.8% increase in owned comparable sales and a 6.5% increase on an owned-plus-licensed-plus-marketplace basis. Bluemercury continued its growth streak with a 6.2% increase in comparable sales. Macy's ended the year with $1.3 billion in cash, up $272 million from the previous year, and generated $679 million in free cash flow. The company intends to resume share buybacks under the remaining $1.4 billion authorization. Net sales for Q4 decreased by 4.3% to $7.8 billion. For fiscal year 2024, net sales decreased by 3.5% to $22.3 billion, with comparable sales down 2.0% on an owned basis and down 0.9% on an owned-plus-licensed-plus-marketplace basis. The company expects fiscal 2025 net sales to be between $21.0 billion and $21.4 billion. Comparable owned-plus-licensed-plus-marketplace sales are expected to decline by approximately 2.0% to 0.5% in 2025. Adjusted diluted earnings per share for fiscal 2025 are projected to be between $2.05 and $2.25.