Macy's (M) Will Not Spin-Off E-Commerce Unit
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Macy’s, Inc. Fourth Quarter and Full-Year 2021 Results Exceed Expectations
February 22, 2022 6:55 AM ESTComparable sales up 28.3% on an owned basis and up 27.8% on an owned-plus-licensed basis versus Q4 2020; up 6.6% and up 6.1%, respectively, versus Q4 2019
Digital sales up 12% over Q4 2020, up 36% over Q4 2019
7.2 million new customers shopped the Macy's brand, an 11% increase over Q4 2019
Q4 Diluted EPS of $2.44 and Adjusted diluted EPS of $2.45
Generated $2.7 billion in Operating Cash Flow and $2.3 billion in Free Cash Flow in FY 2021
New $2 billion share repurchase program authorized after completing current $500 million... More
