Macy's (M) Tops Q3 EPS by 33c, Beats on Revenue; Offers FY22 Guidance

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Go back to Macy's (M) Tops Q3 EPS by 33c, Beats on Revenue; Offers FY22 Guidance

Macy’s, Inc. Reports Third Quarter 2022 Results

November 17, 2022 6:55 AM EST

Comparable 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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