Macy's (M) November/December Comps Sales Owned -0.7%

Macy’s, Inc. (NYSE: M) today announced comparable sales results for the months of November and December 2019.

November/December 2019 Comparable Sales

“Macy’s, Inc.’s performance during the holiday season reflected a strong trend improvement from the third quarter. Our digital business and Growth150 stores performed well. Additionally, customers responded to our gifting assortment and marketing strategy, particularly in the 10 days before Christmas,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “The entire organization committed to delivering Holiday 2019, and it showed up in our execution. I want to thank all of our colleagues – full-time, part-time and seasonal – for their hard work and dedication to serving our customers.”

Investor Day

As previously announced, Macy’s, Inc. will host an Investor Day at 8:00 a.m. ET on Wednesday, February 5, 2020, at the New York Stock Exchange. At that time, the management team will share details of Macy’s, Inc.'s growth plans and three-year strategy.

Macy’s, Inc.’s webcast, along with the associated presentation, will be accessible to the media and general public via the company's investor relations website, www.macysinc.com.

Important Information Regarding Financial Measures

Please see the final pages of this news release for important information regarding the calculation of the company’s non-GAAP financial measures.

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