---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-005942"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T16:34:33.190138+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Macy's Q4 EPS $1.83, revenue $8.3B; FY2023 guidance below consensus

## Summary
- Q4 net sales $8.264B, down 4.6% YoY; comparable owned+licensed sales down 2.7%.
- Q4 diluted EPS $1.83, adjusted $1.88 (includes $0.17 discrete tax benefit).
- FY2022 net sales $24.442B, flat YoY; diluted EPS $4.19, adjusted $4.48.
- FY2023 guidance: net sales $23.7-24.2B, adjusted diluted EPS $3.67-$4.11.
- Inventory down 3% vs 2021; gross margin 34.1% vs 36.5% in Q4 2021.

## SEC filing metadata
- accession: 0001628280-23-005942
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000162828023005942/0001628280-23-005942-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000162828023005942/n-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-005942
- JSON: https://secwatch.observer/filing/0001628280-23-005942.json
- Plain text: https://secwatch.observer/filing/0001628280-23-005942.txt

## Key facts
- Earnings Releases
  Macy's, Inc. reported the fourth quarter and fiscal 2022 results: revenue $8.3 billion, net income $1.83 per diluted share, EPS $1.83 per diluted share.
  - Period: the fourth quarter and fiscal 2022
  - Revenue: $8.3 billion
  - Net income: $1.83 per diluted share
  - EPS: $1.83 per diluted share
  - Result: reported results
  source text: the fourth quarter of 2021. ◦ This compares to diluted earnings per share of $1.09 and Adjusted diluted earnings per share of $2.12 in the fourth quarter of 2019. • Net sales of $8.3 billion, down 4.6% versus the fourth quarter of 2021; down 0.9% versus the fourth quarter of 2019. ◦ Digital sales decreased 9% versus the fourth quarter of 2021; up 24% versus the
  evidence_url: https://www.sec.gov/Archives/edgar/data/794367/000162828023005942/0001628280-23-005942-index.htm

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