Macy's (M) Tops Q3 EPS by 33c, Beats on Revenue; Offers FY22 Guidance
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Macy’s, Inc. Reports Third Quarter 2022 Results
November 17, 2022 6:55 AM ESTComparable sales down 3.1% on an owned basis and down 2.7% on an owned-plus-licensed basis
Inventories up 4% versus 2021, reflecting ongoing planning and supply chain discipline
Diluted EPS of $0.39 and Adjusted diluted EPS of $0.52
Reaffirms annual sales guidance and raises Adjusted diluted EPS guidance
NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported financial results for the third quarter of 2022 and updated its annual guidance.
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