---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-024437"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2024-05-21T23:59:59+00:00"
generated_at: "2026-06-01T11:45:10.723135+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001628280-24-024437
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2024-05-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000162828024024437/0001628280-24-024437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000162828024024437/n-20240521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-024437
- JSON: https://secwatch.observer/filing/0001628280-24-024437.json
- Plain text: https://secwatch.observer/filing/0001628280-24-024437.txt

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