---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-029910"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2022-08-23T23:59:59+00:00"
generated_at: "2026-06-23T22:06:51.998044+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Macy's Q2 beats expectations but guides down; adj EPS $1.00 vs $1.29 YoY; FY EPS lowered to $4.00-$4.20

## Summary
- Q2 net sales $5.60B vs $5.65B YoY; comparable sales down 1.6% owned-plus-licensed.
- GAAP diluted EPS $0.99, adjusted $1.00 (down from $1.08 and $1.29 in Q2 2021).
- Gross margin fell to 38.9% from 40.6% due to increased markdowns on excess inventory.
- FY2022 guidance cut: net sales $24.34-$24.58B (from $24.46-$24.70B), adj EPS $4.00-$4.20 (from $4.53-$4.95).
- Inventory up 7% YoY; company taking markdowns to clear aged inventory; expects normalization by year-end.

## SEC filing metadata
- accession: 0001564590-22-029910
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2022-08-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000156459022029910/0001564590-22-029910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000156459022029910/m-8k_20220823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-029910
- JSON: https://secwatch.observer/filing/0001564590-22-029910.json
- Plain text: https://secwatch.observer/filing/0001564590-22-029910.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.