Macy's (M) Tops Q2 EPS by 12c, Maintains Guidance
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Macy’s, Inc. Reports Second Quarter 2023 Results
August 22, 2023 6:55 AM EDTQuarterly net sales, gross margin and SG&A better-than-expectations, contributing to Diluted EPS of $(0.08) and Adjusted Diluted EPS of $0.26
Merchandise inventories down 10% year-over-year reflecting the successful clearance of seasonal spring receipts
Reaffirmed annual sales and earnings guidance
NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported financial results for the second quarter of 2023 and updated its annual guidance.
In the second quarter, we delivered better-than-expected top and bottom-line results, said Jeff Gennette, chairman and chief executive officer of Macys, Inc.... More
