Macy's, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 29, 2022
November 17, 2022 at 06:55 am EST
Share
Macy's, Inc. reported earnings results for the third quarter and nine months ended October 29, 2022. For the third quarter, the company reported sales was USD 5,230 million compared to USD 5,440 million a year ago. Net income was USD 108 million compared to USD 239 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.78 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.76 a year ago.
For the nine months, sales was USD 16,178 million compared to USD 15,794 million a year ago. Net income was USD 668 million compared to USD 687 million a year ago. Basic earnings per share from continuing operations was USD 2.43 compared to USD 2.21 a year ago. Diluted earnings per share from continuing operations was USD 2.37 compared to USD 2.17 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. 
