Categories AlphaGraphs, Earnings, Retail
M Earnings: All you need to know about Macy’s Q3 2022 earnings results
Macy’s, Inc. (NYSE: M) reported third quarter 2022 earnings results today.
Net sales decreased 3.9% year-over-year to $5.23 billion.
Comparable sales were down 3.1% on an owned basis and down 2.7% on an owned-plus-licensed basis compared to last year.
Net income was $108 million, or $0.39 per share, compared to $239 million, or $0.76 per share, last year. Adjusted EPS was $0.52.
Both revenue and earnings surpassed expectations.
The company reaffirmed its sales guidance and raised its EPS guidance for FY2022. Sales are expected to be $24.3-24.5 billion. EPS is now expected to be $4.07-4.27 versus its prior outlook of $4.00-4.20.
The quarterly results beat and the guidance hike helped the stock gain over 7% in premarket trade.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its online retail market footprint through constant innovation, like the recent launch of a mobile POS device for in-person retail
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
