Macy`s Inc

NYSE:M  
26.81
-0.90 (-3.23%)
4:05:09 PM EDT: $26.80 -0.01 (-0.02%)
Positive Earnings Pre-Announcement

Macy’S, Inc. Reports Third Quarter 2021 Results Narrows And Raises Full Year 2021 Guidance

Published: 11/18/2021 12:13 GMT
Macy`s Inc (M) - Macy’s, Inc. Reports Third Quarter 2021 Results; Narrows and Raises Full Year 2021 Guidance.
Qtrly Diluted EPS of $0.76 and Adjusted Diluted EPS of $1.23.
Qtrly Comparable Sales Up 37.2% on an Owned Basis and Up 35.6% on an Owned-plus-licensed Basis Versus 2020.
Announces Plans to Launch Curated Digital Marketplace Platform.
Added 4.4 Million New Customers Into Macy's Brand in Quarter, a 28% Increase Over 2019.
Qtrly Results Were Driven by Effective Execution of Polaris Strategy and an Improved Economic Environment.
Qtrly in Quarter, Macy's Brand Added 4.4 Million New Customers.
Qtrly Digital Sales Increased 19% Versus Q3 2020 and Grew 49% Versus Q3 2019.
Robust Omnichannel Ecosystem is Showing Resilience in Face of Labor and Supply Chain Challenges.
Encouraged by Momentum of Our Business and Its Strong Financial Health.
Inventory Was Up 19.4% in Quarter From Q3 2020 But Down 15.4% From Q3 2019.
Sees 2021 Net Sales $24.12bln - $24.28bln.
FY Revenue View $23.78 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Net Sales $5,440 Million Versus $3,990 Million.
Sees 2021 Adjusted Diluted Earnings per Share $4.57 - $4.76.
Q3 Earnings per Share View $0.31, Revenue View $5.20 Billion -- Refinitiv Ibes Data (analyst estimates).
Implemented Several Measures to Mitigate Supply Chain Disruptions and Does Not Expect to Be Materially Impacted During Q4 2021.
Revenue is expected to be $8.31 Billion
Adjusted EPS is expected to be $1.94

Next Quarter Revenue Guidance is expected to be $4.83 Billion
Next Quarter EPS Guidance is expected to be $0.46

More details on our Analysts Page.