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Department Store Stocks Q3 In Review: Macy's (NYSE:M) Vs Peers

By: StockStory

February 19, 2025 at 04:02 AM EST

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Let’s dig into the relative performance of Macy's (NYSE: M) and its peers as we unravel the now-completed Q3 department store earnings season.

Department stores emerged in the 19th century to provide customers with a wide variety of merchandise under one roof, offering a convenient and luxurious shopping experience. They played an important role in the history of American retail and urbanization, and prior to department stores, retailers tended to sell narrow specialty and niche items. But what was once new is now old, and department stores are somewhat considered a relic of the past. They are being attacked from multiple angles–stagnant foot traffic at malls where they’ve served as anchors; more nimble off-price and fast-fashion retailers; and e-commerce-first competitors not burdened by large physical footprints.

The 4 department store stocks we track reported a mixed Q3. As a group, revenues were in line with analysts’ consensus estimates.

While some department store stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.8% since the latest earnings results.

Macy's (NYSE: M)

With a storied history that began with its 1858 founding, Macy’s (NYSE: M) is a department store chain that sells clothing, cosmetics, accessories, and home goods.

Macy's reported revenues of $4.90 billion, down 2.7% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with a solid beat of analysts’ EPS estimates.

“Our third quarter results reflect the positive momentum we are building through our Bold New Chapter strategy,” said Tony Spring, chairman and chief executive officer of Macy’s,

The stock is down 8.7% since reporting and currently trades at $15.30.

Is now the time to buy Macy's? Access our full analysis of the earnings results here, it’s free.

Best Q3: Dillard's (NYSE: DDS)

With stores located largely in the Southern and Western US, Dillard’s (NYSE: DDS) is a department store chain that sells clothing, cosmetics, accessories, and home goods.

Dillard's reported revenues of $1.45 billion, down 3.5% year on year, in line with analysts’ expectations. The business had a very strong quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ EPS estimates.

The market seems happy with the results as the stock is up 29.9% since reporting. It currently trades at $504.80.

Is now the time to buy Dillard's? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Kohl's (NYSE: KSS)

Founded as a corner grocery store in Milwaukee, Wisconsin, Kohl’s (NYSE: KSS) is a department store chain that sells clothing, cosmetics, electronics, and home goods.

Kohl's reported revenues of $3.71 billion, down 8.5% year on year, falling short of analysts’ expectations by 3.7%. It was a disappointing quarter as it posted full-year EPS guidance missing analysts’ expectations.

Kohl's delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 35.4% since the results and currently trades at $11.84.

Read our full analysis of Kohl’s results here.

Nordstrom (NYSE: JWN)

Known for its exceptional customer service that features a ‘no questions asked’ return policy, Nordstrom (NYSE: JWN) is a high-end department store chain.

Nordstrom reported revenues of $3.46 billion, up 4.3% year on year. This number surpassed analysts’ expectations by 3.3%. It was a very strong quarter as it also put up an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ gross margin estimates.

Nordstrom achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is down 1.2% since reporting and currently trades at $24.32.

Read our full, actionable report on Nordstrom here, it’s free.

Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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Department Store Stocks Q3 In Review: Macy's (NYSE:M) Vs Peers

Macy's (NYSE: M)

Best Q3: Dillard's (NYSE: DDS)

Weakest Q3: Kohl's (NYSE: KSS)

Nordstrom (NYSE: JWN)

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