Item 2.02. Results of Operations and Financial Condition.
On May 18, 2021, Macy's, Inc. ("Macy's") issued a press release announcing
Macy's financial condition, results of operations and cash flows as of and for
the 13 weeks ended May 1, 2021. The full text of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
Macy's reports its financial results in accordance with U.S. generally accepted
accounting principles ("GAAP"). The press release referred to above contains
non-GAAP financial measures of changes in comparable sales on an owned plus
licensed basis, earnings (loss) before interest, taxes, depreciation and
amortization ("EBITDA"), adjusted EBITDA, adjusted net income (loss) and
adjusted diluted earnings (loss) per share. Adjusted EBITDA, adjusted net income
(loss) and adjusted diluted earnings (loss) per share exclude certain items that
consist of impairment, restructuring and other costs, losses on early retirement
of debt and gains on sale of real estate. A section has been included at the end
of the press release that contains important additional information regarding
these non-GAAP financial measures including reconciliation to the most directly
comparable GAAP financial measure.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release of Macy's dated May 18, 2021.
104 Cover Page Interactive Data File (embedded within the Inline
XBRL Document)
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MACY'S, INC.
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