{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-020415","form_type":"8-K","ticker":"M","cik":"0000794367","company_name":"Macy's, Inc.","filed_at":"2023-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.247471+00:00","generated_at":"2026-06-14T09:59:58.151982+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Macy's Q1 net sales $5B (-7% YoY); cuts full-year guidance on weakening consumer demand","bullets":["Diluted EPS $0.56 (adj. $0.56) vs $0.98 (adj. $1.08) a year ago; net income $155M.","Comparable owned-plus-licensed sales down 7.2%; digital sales down 8%; brick-and-mortar down 6%.","FY2023 net sales guidance cut to $22.8-23.2B from $23.7-24.2B; adj. EPS $2.70-3.20 (prev. $3.67-4.11).","Incremental $200M cost savings identified; regular quarterly dividend $0.1654/share declared.","Gross margin rate improved to 40.0% (from 39.6%) but SG&A rose to 37.7% of revenue on wage investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-020415","json":"https://secwatch.observer/filing/0001628280-23-020415.json","markdown":"https://secwatch.observer/filing/0001628280-23-020415.md","text":"https://secwatch.observer/filing/0001628280-23-020415.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/794367/000162828023020415/0001628280-23-020415-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/794367/000162828023020415/n-20230601.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T09:59:58.151982+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5bb94104a9934a02a17812c5310abd0d17f8139e","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794367/000162828023020415/0001628280-23-020415-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Revenue","value":"Net sales of $5 billion"},{"label":"Net income","value":"Net Income $ 155"},{"label":"EPS","value":"Diluted earnings per share of $0.56 and Adjusted diluted earnings per share of $0.56"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5bb94104a9934a02a17812c5310abd0d17f8139e","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794367/000162828023020415/0001628280-23-020415-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Revenue","value":"Net sales of $5 billion"},{"label":"Net income","value":"Net Income $ 155"},{"label":"EPS","value":"Diluted earnings per share of $0.56 and Adjusted diluted earnings per share of $0.56"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}