Macy's, Inc. — fact timeline

Macy's, Inc. reported for the 13 weeks ended May 2, 2026 results: revenue $4.7 billion, net income $63 million, EPS $0.23. Guidance raised.

“Macy’s, Inc. net sales, inclusive of store closures, increased 1.8% 3 to $4.7 billion”

Macy's, Inc. shareholders approved Amendment and Restatement of the Macy’s, Inc. 2024 Equity and Incentive Compensation Plan at the 2026-05-15 meeting.

“4. Shareholders approved the Amendment and Restatement of the Macy’s, Inc. 2024 Equity and Incentive Compensation Plan, as follows:”

Macy's, Inc. shareholders approved Advisory vote to approve named executive officer compensation at the 2026-05-15 meeting.

“3. Shareholders approved the advisory vote to approve named executive officer compensation, as follows:”

Macy's, Inc. shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for fiscal year ending January 30, 2027 at the 2026-05-15 meeting.

“2. Shareholders ratified the appointment of KPMG LLP as Macy's independent registered public accounting firm for the fiscal year ending January 30, 2027, as follows:”

Macy's, Inc. shareholders approved Election of 10 directors to serve for a one-year term expiring at the 2027 annual meeting at the 2026-05-15 meeting.

“The annual meeting of shareholders of Macy’s, Inc. was held virtually on May 15, 2026. The following is a summary of the matters voted on at the meeting: 1. Shareholders approved the election of 10 directors to serve for a one-year term expiring at the 2027 annual meeting of Macy's shareholders, as follows:”

Macy's, Inc. reported the fourth quarter and fiscal year 2025 results: revenue net sales of $7.6 billion, net income GAAP net income was $507 million, EPS GAAP diluted earnings per share of $1.84; Adjusted diluted EPS of $1.67.

“today reported financial results for the fourth quarter and fiscal year 2025 and provided fiscal year 2026 guidance. Fourth Quarter 2025 Highlights • Macy’s, Inc. net sales of $7.6 billion exceeded guidance. • Macy’s, Inc. comparable sales 1 grew 1.8%, exceeding the company’s guidance. • Macy’s, Inc. achieved go-forward comparable sales growth of 2.0%. • Macy’s”

Macy's, Inc. incurred senior notes of $500 million with U.S. Bank Trust Company, National Association at 7.375% maturing August 1, 2033.

“On July 29, 2025, Macy’s Retail Holdings, LLC (the “Issuer”), a wholly owned subsidiary of Macy’s, Inc. (the “Company”), issued $500 million in aggregate principal amount of 7.375% senior notes due 2033 (the “Notes”) in a private offering at an offering price of 100% of the principal amount thereof (the “Notes Offering”).”

Macy's, Inc. amended revolving credit of $2.1 billion at adjusted SOFR (calculated to include a 0.10% credit adjustment spread) plus a ma maturing April 2030.

“On April 9, 2025, Macy’s Inventory Funding LLC (the “ABL Borrower”), an indirect subsidiary of Macy’s, Inc. (“Macy’s”), and Macy’s Inventory Holdings LLC (the “ABL Parent”), a direct subsidiary of Macy’s and the direct parent of the ABL Borrower, entered into an amendment (the “Amendment”) to the credit agreement governing the existing $3.0 billion asset-based credit facility (the “Existing ABL Credit Facility”), which was set to expire in March 2027. The Amendment reduced the asset-based credit facility to $2.1 billion (the “Amended & Extended ABL Credit Facility”) and extended the maturity date to April 2030.”

Adrian V. Mitchell departed as Chief Operating Officer and Chief Financial Officer at Macy's, Inc..

“Adrian V. Mitchell, Chief Operating Officer and Chief Financial Officer, will be leaving the Company.”

Thomas J. Edwards, Jr. was appointed as Chief Operating Officer and Chief Financial Officer at Macy's, Inc..

“Thomas J. Edwards, Jr., 60, has been appointed Chief Operating Officer and Chief Financial Officer of Macy’s, Inc., effective June 22, 2025.”

Sara Levinson departed as Director at Macy's, Inc..

“Sara Levinson will not stand for reelection at the Company's 2025 Annual Meeting of Shareholders in accordance with the mandatory retirement age of the Board's Corporate Governance Principles.”

Robert Chavez was elected as Independent Director at Macy's, Inc..

“the Board of Directors elected Robert Chavez as an independent director, effective April 1, 2025.”

Ashley Buchanan resigned as director at Macy's, Inc..

“On November 25, 2024, Ashley Buchanan resigned as a director of Macy’s, Inc. (the “Company”).”

William H. Lenehan resigned as director at Macy's, Inc..

“On October 21, 2024, William H. Lenehan notified Macy’s, Inc. (the “Company”) that he is resigning as a director of the Company effective October 25, 2024.”

Macy's, Inc. shareholders approved Macy’s, Inc. 2024 Equity and Incentive Compensation Plan at the 2024-05-17 meeting.

“Shareholders approved the Macy’s, Inc. 2024 Equity and Incentive Compensation Plan, as follows:”

Macy's, Inc. shareholders approved Advisory vote to approve named executive officer compensation at the 2024-05-17 meeting.

“Shareholders approved the advisory vote to approve named executive officer compensation, as follows:”

Macy's, Inc. shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending February 1, 2025 at the 2024-05-17 meeting.

“Shareholders ratified the appointment of KPMG LLP as Macy's independent registered public accounting firm for the fiscal year ending February 1, 2025, as follows:”

Macy's, Inc. shareholders approved Election of 15 directors to serve for a one-year term expiring at the 2025 annual meeting at the 2024-05-17 meeting.

“Shareholders approved the election of 15 directors to serve for a one-year term expiring at the 2025 annual meeting of Macy's shareholders, as follows:”

Douglas W. Sesler was appointed as Director at Macy's, Inc..

“On April 10, 2024, the Company also appointed Douglas W. Sesler to the Board with a term expiring at the Company’s 2024 Annual Meeting.”

Richard Markee was appointed as Director at Macy's, Inc..

“Pursuant to the Arkhouse Agreement, on April 10, 2024, Messrs. Clark and Markee were selected as directors with a term expiring at the Company’s 2024 Annual Meeting.”

Richard Clark was appointed as Director at Macy's, Inc..

“Pursuant to the Arkhouse Agreement, on April 10, 2024, Messrs. Clark and Markee were selected as directors with a term expiring at the Company’s 2024 Annual Meeting.”

Tony Spring was appointed as Chairman of the Board at Macy's, Inc..

“Upon Mr. Gennette’s resignation, and in accordance with the Company’s previously announced changes to its Board, Tony Spring, Chief Executive Officer and Chairman-elect of the Company, was appointed Chairman of the Board effective immediately.”

Francis S. Blake retired as Director at Macy's, Inc..

“On April 10, 2024, Francis S. Blake retired from the Board and from his positions as Chair of the Finance Committee and member of the Compensation & Management Development Committee, effective immediately.”

Jeff Gennette retired as Chairman of the Board at Macy's, Inc..

“On April 10, 2024, Jeff Gennette retired from the Board and from his position as Chairman of the Board, effective immediately.”

Macy's, Inc. reported financial results for the 14 and 53 weeks ended February 3, 2024.

“On February 27, 2024 , Macy’s, Inc. (“Macy’s” or the “Company”) issued a press release announcing Macy’s financial condition, results of operations and cash flows as of and for the 14 and 53 weeks ended February 3, 2024. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.”

Macy's, Inc. announced a restructuring with charges of approximately $1.0 billion in impairment, restructuring and other costs affecting the approximately 150 locations planned for closure over the next three years.

“On February 27, 2024 , Macy’s announced that it incurred approximately $1.0 billion in impairment, restructuring and other costs in the fourth quarter of fiscal 2023 primarily related to actions intended to support profitable growth and market share gains, and that align with A Bold New Chapter strategy.”

Jeff Gennette was appointed as Non-Executive Chairman at Macy's, Inc..

“Jeff Gennette, age 62, will retire as Chief Executive Officer of the Company effective February 3, 2024 after 40 years of service and will remain a member and Non-Executive Chairman of the Board through the Company’s 2024 annual meeting of shareholders.”

Tony Spring was elected as Chief Executive Officer at Macy's, Inc..

“elected Tony Spring, age 58, Chief Executive Officer and Chairman of the Board-Elect of the Company, effective February 4, 2024”

Macy's, Inc. reported fiscal year 2023 (53 weeks) results: EPS $2.88 - $3.13. Guidance reaffirmed.

“Guidance as of November 16, 2023 Guidance as of August 22, 2023 Net sales $22.9 billion to $23.2 billion $22.8 billion to $23.2 billion Comparable owned-plus-licensed sales change (52 week basis) Down 7% to down 6% versus 2022 Down 7.5% to down 6% versus 2022 Adjusted diluted earnings per share* $2.88 - $3.13 $2.70 - $3.20 * Adjusted diluted EPS does not consider the impact of any potential future share repurchases associated with the company’s current share repurchase authorization.”

Macy's, Inc. reported third quarter of 2023 (13 weeks ended October 28, 2023) results: revenue 4860, net income 43, EPS 0.15.

“Net sales of $5 billion, down 7% versus the third quarter of 2022.”

Wendy (Schmidt) Beadles was appointed as Interim Chief Legal Officer and Secretary at Macy's, Inc..

“Wendy (Schmidt) Beadles, Vice President, Legal Business Operations, has been appointed Interim Chief Legal Officer and Secretary of the Company.”

Elisa D. Garcia retired as Executive Vice President, Chief Legal Officer and Secretary at Macy's, Inc..

“Elisa D. Garcia, Executive Vice President, Chief Legal Officer and Secretary of Macy’s, Inc. (the “Company”), retired October 31, 2023 after seven years of service.”

Macy's, Inc. updated its 13 and 26 weeks ended July 29, 2023 guidance (reaffirmed).

“On August 22, 2023, Macy’s, Inc. (“Macy’s” or the “Company”) issued a press release announcing Macy’s financial condition, results of operations and cash flows as of and for the 13 and 26 weeks ended July 29, 2023. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.”

Macy's, Inc. reported the first quarter of 2023 results: revenue Net sales of $5 billion, net income Net Income $ 155, EPS Diluted earnings per share of $0.56 and Adjusted diluted earnings per share of $0.56. Guidance lowered.

“On June 1, 2023, Macy’s, Inc. (“Macy’s” or the “Company”) issued a press release announcing Macy’s financial condition, results of operations and cash flows as of and for the 13 weeks ended April 29, 2023. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.”

Elisa D. Garcia departed as Executive Vice President, Chief Legal Officer and Secretary at Macy's, Inc..

“On May 25, 2023, Macy’s, Inc. (“Macy’s” or the “Company”) announced that Elisa D. Garcia, age 65, Executive Vice President, Chief Legal Officer and Secretary of the Company, has informed the Company that she intends to retire October 6, 2023 after seven years of service.”

Macy's, Inc. shareholders approved Advisory vote on the frequency of the advisory vote to approve named executive officer compensation at the 2023-05-19 meeting.

“Shareholders approved 1 year as the frequency of the advisory vote to approve named executive officer compensation, as follows:”

Macy's, Inc. shareholders approved Advisory vote to approve named executive officer compensation at the 2023-05-19 meeting.

“Shareholders approved the advisory vote to approve named executive officer compensation, as follows:”

Macy's, Inc. shareholders approved Ratification of the appointment of KPMG LLP as Macy's independent registered public accounting firm for the fiscal year ending February 3, 2024 at the 2023-05-19 meeting.

“Shareholders ratified the appointment of KPMG LLP as Macy's independent registered public accounting firm for the fiscal year ending February 3, 2024, as follows:”

Macy's, Inc. shareholders approved Election of 14 directors to serve for a one-year term expiring at the 2024 annual meeting at the 2023-05-19 meeting.

“Shareholders approved the election of 14 directors to serve for a one-year term expiring at the 2024 annual meeting of Macy's shareholders, as follows:”

Adrian V. Mitchell was appointed as Chief Operating Officer and Chief Financial Officer at Macy's, Inc..

“Adrian V. Mitchell, age 49, Chief Financial Officer of the Company, has been appointed Chief Operating Officer and Chief Financial Officer of the Company with an increased scope of responsibilities.”

Tony Spring was appointed as Member of the Board of Directors at Macy's, Inc..

“a member of the Company’s Board of Directors, effective April 1, 2023.”

Tony Spring was appointed as President and CEO-Elect at Macy's, Inc..

“Tony Spring, age 58, Executive Vice President Macy’s and Chairman and Chief Executive Officer Bloomingdale’s, has been appointed President and CEO-Elect of the Company, effective immediately”

Jeff Gennette departed as Chairman and Chief Executive Officer at Macy's, Inc..

“Jeff Gennette, age 61, Chairman and Chief Executive Officer of the Company, plans to retire at the end of fiscal 2023 after 40 years of service.”

Leslie D. Hale departed as Director at Macy's, Inc..

“On March 23, 2023, John A. Bryant and Leslie D. Hale notified the Chairman of Macy’s that they intend not to stand for re-election to the Board of Directors at the annual meeting of Macy’s shareholders to be held on May 19, 2023.”

John A. Bryant departed as Director at Macy's, Inc..

“On March 23, 2023, John A. Bryant and Leslie D. Hale notified the Chairman of Macy’s that they intend not to stand for re-election to the Board of Directors at the annual meeting of Macy’s shareholders to be held on May 19, 2023.”

Naveen K. Chopra was elected as Director at Macy's, Inc..

“On March 23, 2023, the Board of Directors of Macy’s, Inc. (“Macy’s” or the “Company”) elected Naveen K. Chopra as an independent director, effective April 1, 2023.”