secwatch.observer — SEC 8-K summary
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Issuer:     Macy's, Inc. (M)
CIK:        0000794367
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001628280-23-005942
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794367/000162828023005942/0001628280-23-005942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794367/000162828023005942/n-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-005942

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer