secwatch / observer
8-K filed June 1, 2023, 7:59 PM ET ticker M CIK 0000794367
earnings confidence high sentiment negative materiality 0.75

Macy's Q1 net sales $5B (-7% YoY); cuts full-year guidance on weakening consumer demand

Macy's, Inc.

2023-Q1 EPS reported $0.56 revenue$5,173,000,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Macy's, Inc. reported the first quarter of 2023 results: revenue Net sales of $5 billion, net income Net Income $ 155, EPS Diluted earnings per share of $0.56 and Adjusted diluted earnings per share of $0.56. Guidance lowered.

Period
the first quarter of 2023
Revenue
Net sales of $5 billion
Net income
Net Income $ 155
EPS
Diluted earnings per share of $0.56 and Adjusted diluted earnings per share of $0.56
Guidance
lowered
Result
reported results
Exact text from the filing
On June 1, 2023, Macy’s, Inc. (“Macy’s” or the “Company”) issued a press release announcing Macy’s financial condition, results of operations and cash flows as of and for the 13 weeks ended April 29, 2023. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Macy's, Inc. reported the first quarter of 2023 results: revenue Net sales of $5 billion, net income Net Income $ 155, EPS Diluted earnings per share of $0.56 and Adjusted diluted earnings per share of $0.56. Guidance lowered.

Period
the first quarter of 2023
Revenue
Net sales of $5 billion
Net income
Net Income $ 155
EPS
Diluted earnings per share of $0.56 and Adjusted diluted earnings per share of $0.56
Guidance
lowered
Result
reported results
Exact text from the filing
Macy’s, Inc. Reports First Quarter 2023 Results Net sales of $5 billion a decline of 7% year-over-year; merchandise inventories down 7% Diluted EPS of $0.56 and Adjusted Diluted EPS of $0.56 $200 million of incremental cost savings expected to be realized in fiscal 2023 Adjusts full-year sales and earnings guidance
View on SEC.gov

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Macy's, Inc. filing history →

Source: SEC EDGAR
accession 0001628280-23-020415
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