M, ANF, and DKS are moving after mixed quarterly results and cautious outlooks
Retailers are shaking up Wall Street, with earnings reports from Macy’s Inc (NYSE:M), Abercrombie & Fitch Co (NYSE:ANF), and Dick’s Sporting Goods Inc (NYSE:DKS) offering mixed signals on the impact of tariffs, consumer demand, and operational resilience.
Macy’s reported adjusted first-quarter earnings of 16 cents per share on revenue of $4.60 billion, topping Wall Street expectations. Still, the company cut its full-year profit forecast, citing tariff hikes and heavier promotions. Macy’s is in the middle of a major turnaround effort, closing roughly 150 stores and shifting focus to stronger banners like Bloomingdale’s and Bluemercury. Up 4% before the bell, M is still down more than 28% year to date.
Abercrombie & Fitch stock surged more than 28% premarket, after a blowout first quarter. The retailer posted earnings of $1.59 per share on $1.1 billion in revenue, easily topping estimates. Abercrombie also issued upbeat guidance for the current quarter, though it trimmed its full-year profit forecast due to the expected $50 million impact of tariffs. Coming into today, ANF was down 48.4% in 2025.
Dick’s Sporting Goods stock was last seen 5% higher in electronic trading, after reporting earnings of $3.37 per share on $3.17 billion in net sales, both above analyst forecasts. The company reaffirmed its full-year outlook and continues to weather tariff headwinds. Dick’s also recently announced plans to acquire rival Foot Locker (FL), signaling confidence in its long-term strategy. DKS sports a 23.9% year-to-date deficit.