Macy's, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2022
August 23, 2022 at 06:55 am EDT
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Macy's, Inc. reported earnings results for the second quarter and six months ended July 31, 2022. For the second quarter, the company reported sales was USD 5,600 million compared to USD 5,647 million a year ago. Net income was USD 275 million compared to USD 345 million a year ago. Basic earnings per share from continuing operations was USD 1.01 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 0.99 compared to USD 1.08 a year ago.
For the six months, sales was USD 10,948 million compared to USD 10,353 million a year ago. Net income was USD 561 million compared to USD 448 million a year ago. Basic earnings per share from continuing operations was USD 2.02 compared to USD 1.44 a year ago. Diluted earnings per share from continuing operations was USD 1.97 compared to USD 1.41 a year ago.
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. 
