secwatch.observer — SEC 8-K summary
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Issuer:     Macy's, Inc. (M)
CIK:        0000794367
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001628280-24-007023
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 2.05, 2.06, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Macy's reports Q4 adjusted EPS $2.45, unveils 'A Bold New Chapter' with ~150 store closures
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- Q4 GAAP diluted EPS loss of $0.26 (incl. $1.0B impairment); adjusted EPS $2.45 vs $1.88 last year.
- Net sales $8.12B (-1.7% YoY); comparable sales down 4.2% owned+licensed on 13-week basis.
- FY2024 guidance: net sales $22.2-22.9B, adjusted EPS $2.45-2.85.
- Announces plan to close ~150 underproductive Macy's stores through 2026; invest in ~350 go-forward locations.
- Expanding luxury: up to 15 new Bloomingdale's and at least 30 new Bluemercury stores over next 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794367/000162828024007023/0001628280-24-007023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794367/000162828024007023/m-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007023

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