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Macy’s says confident in ability to return to profitable growth

For 2025 and beyond the company expects annual adjusted EBITDA dollar growth mid-single-digits, annual SG&A dollar growth below historic rate of inflation of 2%-3%, annual capital expenditures below FY24 levels and annual free cash flow return to pre-pandemic levels. Says inflationary pressures persist. Says customers are carefully scrutinizing discretionary purchases. Says confident in ability to return to profitable growth. Says Q1 EPS results exceeded outlook.

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