Macy's (M) Tops Q2 EPS by 14c, Beats on Revenue, Offers FY22 Guidance

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Go back to Macy's (M) Tops Q2 EPS by 14c, Beats on Revenue, Offers FY22 Guidance

Macy’s, Inc. Reports Second Quarter 2022 Results and Updates Guidance

August 23, 2022 6:55 AM EDT

Quarterly net sales and earnings exceeded expectations

Comparable sales down 1.5% on an owned basis and down 1.6% on an owned-plus-licensed basis

Diluted EPS of $0.99 and Adjusted diluted EPS of $1.00

Lowers full-year sales and EPS guidance to incorporate risks related to increased macroeconomic pressures

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

During the second quarter,... More