---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-030169"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:52:50.288752+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Macy's Q2 net sales $5.13B, down 8% YoY; adjusted EPS $0.26 vs $1.00; reaffirms FY guidance

## Summary
- Diluted EPS ($0.08) includes pension settlement charge; adjusted EPS $0.26 vs $1.00 prior year.
- Comparable sales down 7.3% owned-plus-licensed; digital sales down 10%; brick-and-mortar down 8%.
- Other revenue fell to $150M from $234M driven by higher credit card delinquencies and bad debt.
- Merchandise inventories down 10% YoY; gross margin rate 38.1% vs 38.9% due to clearance markdowns.
- FY 2023 guidance reaffirmed: net sales $22.8-23.2B, adjusted EPS $2.70-3.20.

## SEC filing metadata
- accession: 0001628280-23-030169
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000162828023030169/0001628280-23-030169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000162828023030169/n-20230822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-030169
- JSON: https://secwatch.observer/filing/0001628280-23-030169.json
- Plain text: https://secwatch.observer/filing/0001628280-23-030169.txt

## Key facts
- Earnings Releases
  Macy's, Inc. updated its 13 and 26 weeks ended July 29, 2023 guidance (reaffirmed).
  - Period: 13 and 26 weeks ended July 29, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On August 22, 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 and 26 weeks ended July 29, 2023. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794367/000162828023030169/0001628280-23-030169-index.htm

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