Macy's Q1 diluted EPS $0.22 beats outlook; raises FY adjusted EPS guidance to $2.55-$2.90

Macy's, Inc.

2024-Q1 EPS reported $0.22 revenue$5,000,000,000

Diluted EPS $0.22 ($0.27 adjusted) vs $0.56 year ago; net sales $4.8B down 2.7%.
Comparable sales down 1.2% owned, down 0.3% owned+licensed+marketplace; First 50 locations up 3.3% owned.
FY 2024 guidance: net sales $22.3-$22.9B; adjusted diluted EPS $2.55-$2.90 (from prior $2.45-$2.85).
Credit card revenues fell $45M to $117M on higher delinquencies; gross margin 39.2% vs 40.0%.
SG&A down $39M; inventory up 1.7%; go-forward business comparable owned+licensed+marketplace up 0.1%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.