secwatch.observer — SEC 8-K summary
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Issuer:     Macy's, Inc. (M)
CIK:        0000794367
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001628280-24-024437
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794367/000162828024024437/0001628280-24-024437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794367/000162828024024437/n-20240521.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-024437

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