{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-039210","form_type":"8-K","ticker":"M","cik":"0000794367","company_name":"Macy's, Inc.","filed_at":"2023-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.020728+00:00","generated_at":"2026-06-08T01:45:37.300687+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Macy's Q3 beats expectations; adjusted EPS $0.21 vs $0.52 prior year, net sales $4.86B down 7%","bullets":["Diluted EPS $0.15, adjusted $0.21; net sales $4.86B down 7% YoY; comparable sales (owned+licensed) down 6.3%.","Gross margin rate 40.3%, up 160bps; merchandise inventories down 6% YoY and 17% vs 2019.","Updated FY2023 guidance: net sales $22.9-23.2B, adjusted EPS $2.88-3.13 vs prior $2.70-3.20.","Bloomies comparable sales down 4.4% (owned+licensed); Bluemercury comps up 2.5% owned.","CEO transition: Tony Spring to become CEO in February 2024 as planned succession."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-039210","json":"https://secwatch.observer/filing/0001628280-23-039210.json","markdown":"https://secwatch.observer/filing/0001628280-23-039210.md","text":"https://secwatch.observer/filing/0001628280-23-039210.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/794367/000162828023039210/0001628280-23-039210-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/794367/000162828023039210/n-20231116.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:45:37.300687+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":"3dc649f17ef3035f2b58cc180aad04bda9c0fd9f","claim":"Macy's, Inc. reported fiscal year 2023 (53 weeks) results: EPS $2.88 - $3.13. Guidance reaffirmed.","evidence_excerpt":"Guidance as of November 16, 2023 Guidance as of August 22, 2023 Net sales $22.9 billion to $23.2 billion $22.8 billion to $23.2 billion Comparable owned-plus-licensed sales change (52 week basis) Down 7% to down 6% versus 2022 Down 7.5% to down 6% versus 2022 Adjusted diluted earnings per share* $2.88 - $3.13 $2.70 - $3.20 * Adjusted diluted EPS does not consider the impact of any potential future share repurchases associated with the company’s current share repurchase authorization.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794367/000162828023039210/0001628280-23-039210-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023 (53 weeks)"},{"label":"EPS","value":"$2.88 - $3.13"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"3dc649f17ef3035f2b58cc180aad04bda9c0fd9f","claim":"Macy's, Inc. reported fiscal year 2023 (53 weeks) results: EPS $2.88 - $3.13. Guidance reaffirmed.","evidence_excerpt":"Adjusted diluted earnings per share* $2.88 - $3.13 $2.70 - $3.20","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794367/000162828023039210/0001628280-23-039210-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023 (53 weeks)"},{"label":"EPS","value":"$2.88 - $3.13"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"4e41d4f76c741932d3c5f542cad34552e32c6c7b","claim":"Macy's, Inc. reported third quarter of 2023 (13 weeks ended October 28, 2023) results: revenue 4860, net income 43, EPS 0.15.","evidence_excerpt":"Net sales of $5 billion, down 7% versus the third quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794367/000162828023039210/0001628280-23-039210-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of 2023 (13 weeks ended October 28, 2023)"},{"label":"Revenue","value":"4860"},{"label":"Net income","value":"43"},{"label":"EPS","value":"0.15"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4e41d4f76c741932d3c5f542cad34552e32c6c7b","claim":"Macy's, Inc. reported third quarter of 2023 (13 weeks ended October 28, 2023) results: revenue 4860, net income 43, EPS 0.15.","evidence_excerpt":"expenses from the third quarter to the fourth quarter. Financial Highlights All amounts in millions except percentages and per share figures Third Quarter 2023 2022 Net sales $ 4,860 $ 5,230 Other revenue 178 237 Comparable Sales Owned (7.0 %) Owned-plus-licensed (6.3 %) Gross margin 1,958 2,026 Gross margin rate 40.3 % 38.7 % Selling, general and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794367/000162828023039210/0001628280-23-039210-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of 2023 (13 weeks ended October 28, 2023)"},{"label":"Revenue","value":"4860"},{"label":"Net income","value":"43"},{"label":"EPS","value":"0.15"},{"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"}