Macy`s Inc

NYSE:M   3:59:58 PM EDT
20.20
-0.76 (-3.63%)
Positive Earnings Pre-Announcement

Macy's Reports Q1 Earnings Of $0.98 Per Share

Published: 05/26/2022 11:16 GMT
Macy`s Inc (M) - Macy’s, Inc. Reports First Quarter 2022 Results and Raises Earnings Guidance.
Q1 Earnings per Share $0.98.
Q1 Adjusted Earnings per Share $1.08.
Reaffirmed Annual Sales Guidance and Raised Adjusted Diluted EPS Guidance.
Quarterly Diluted EPS of $0.98 and Adjusted Diluted EPS of $1.08.
Quarterly Comparable Sales Up 12.8% on an Owned Basis and Up 12.4% on an Owned-plus-licensed Basis.
While Macroeconomic Pressures on Consumer Spending Increased During Quarter, Our Customers Continued to Shop.
Quarterly Net Sales $5,348 Million Versus $4,706 Million.
Saw a Notable Shift Back to Occasion-based Apparel and In-store Shopping, As Well As Continued Strength in Sales of Luxury Goods in Quarter.
Q1 Earnings per Share View $0.82, Revenue View $5.33 Billion -- Refinitiv Ibes Data (analyst estimates).
Quarterly Digital Sales Increased 2% Year-over-year While Increasing 34% Versus the First Quarter of 2019.
Sees 2022 Adjusted EPS of $4.53 - $4.95.
FY Earnings per Share View $4.34, Revenue View $24.51 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $5.51 Billion
Adjusted EPS is expected to be $0.89

Next Quarter Revenue Guidance is expected to be $5.22 Billion
Next Quarter EPS Guidance is expected to be $0.51

More details on our Analysts Page.