Macy's (M) Tops Q1 EPS by 26c, Guidance Tops Views

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Go back to Macy's (M) Tops Q1 EPS by 26c, Guidance Tops Views

Macy’s, Inc. Reports First Quarter 2022 Results and Raises Earnings Guidance

May 26, 2022 6:55 AM EDT

Comparable sales up 12.8% on an owned basis and up 12.4% on an owned-plus-licensed basis

Diluted EPS of $0.98 and Adjusted diluted EPS of $1.08

Increased financial flexibility through a number of financing transactions

Repurchased $600 million of shares under $2 billion share repurchase program

Reaffirmed annual sales guidance and raised Adjusted diluted EPS guidance

NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported financial results for the first quarter of 2022 and updated its annual... More