---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-050691"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2024-12-11T23:59:59+00:00"
generated_at: "2026-05-29T04:56:26.011504+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Macy's Q3 GAAP EPS $0.10, adjusted $0.04; material weakness found after employee hid $151M expenses

## Summary
- Net sales $4.7B (-2.4% YoY); comparable sales down 1.3% on owned+licensed+marketplace basis.
- GAAP diluted EPS $0.10 vs $0.15 prior year; adjusted diluted EPS $0.04 vs $0.21 prior year.
- Single employee intentionally hid ~$151M delivery expenses from Q4 2021 to Q3 2024; no material impact on prior financials.
- Material weakness in internal controls over delivery expenses identified; prior internal control reports no longer reliable.
- FY 2024 guidance lowered: net sales $22.3-$22.5B, adjusted EPS $2.25-$2.50 (from $2.55-$2.90).

## SEC filing metadata
- accession: 0001628280-24-050691
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2024-12-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000162828024050691/0001628280-24-050691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000162828024050691/n-20241211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-050691
- JSON: https://secwatch.observer/filing/0001628280-24-050691.json
- Plain text: https://secwatch.observer/filing/0001628280-24-050691.txt

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