---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-037971"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2024-08-21T23:59:59+00:00"
generated_at: "2026-05-31T08:21:37.434508+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Macy's Q2 GAAP EPS $0.53 vs loss of $0.08; revenue $4.9B -3.8%; lowers net sales guidance

## Summary
- Diluted EPS $0.53 (Adjusted $0.53) exceeded outlook; compares to diluted loss of $(0.08) and adjusted EPS $0.26 in Q2 2023.
- Net sales $4.9B, down 3.8% YoY. Comparable sales down 4.0% owned, down 3.3% owned+licensed+marketplace.
- Gross margin rate 40.5%, up 240 bps; First 50 locations achieved second consecutive quarter of positive comparable sales (+0.8% owned).
- Annual net sales guidance lowered to $22.1-22.4B (prior $22.3-22.9B); comparable sales now -2% to -0.5% (prior -1% to +1.5%).
- Adjusted diluted EPS guidance reaffirmed $2.55-$2.90; SG&A expense $2.0B, down $7M.

## SEC filing metadata
- accession: 0001628280-24-037971
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2024-08-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000162828024037971/0001628280-24-037971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000162828024037971/n-20240821.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-037971
- JSON: https://secwatch.observer/filing/0001628280-24-037971.json
- Plain text: https://secwatch.observer/filing/0001628280-24-037971.txt

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