(All amounts in millions except percentages and per share figures)
Net sales
Credit card revenues, net
13 Weeks Ended
May2, 2020
13 Weeks Ended
May4, 2019
$
% to Net sales
$
% to Net sales
$ 3,017 131
4.3%
$ 5,504 172
3.1%
Cost of sales
(2,501)
(82.9%)
(3,403) (61.8%)
Selling, general and administrative expenses
(1,598)
(52.9%)
(2,112) (38.4%)
Gains on sale of real estate
16
0.5% 43
Impairment, restructuring and other costs (3,184) (105.5%) (1)
Operating income (loss) (4,119) (136.5%) 203
0.8% -% 3.7%
Benefit plan income, net
9 7
Interest expense, net
(47) (47)
Income (loss) before income taxes
(4,157) 163
Federal, state and local income tax benefit (expense)
576 (27)
Net income (loss)
Basic earnings (loss) per share
Diluted earnings (loss) per share
Average common shares:
Basic
$ $ $
(3,581)
$ 136
(11.53)
$ 0.44
(11.53)
$ 0.44
Diluted
310.6 309.1 310.6 311.4
End of period common shares outstanding
Supplemental Financial Measures:
Gross Margin
Depreciation and amortization expense
310.2 308.9
$ $
516 17.1 % 237
$ 2,101
38.2 %
$ 236
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Macy's Inc. published this content on 30 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2020 14:03:04 UTC
Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Belgique, Cerulean 6, Charter Club, Club Room, Epic Threads, Family PJ's, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, and others.
MACY'S, INC. 
