Categories AlphaGraphs, Earnings, Retail

Earnings: Highlights of Macy’s Q1 2023 financial results

Department store chain Macy’s, Inc. (NYSE: M) on Thursday said its first-quarter 2023 sales and earnings declined from last year. The company also provided guidance for fiscal 2023.

Macy’s Q1 2023 earnings infographic

Net sales declined 7% year-over-year to $4.98 billion in the April quarter when comparable store sales, on an owned and licensed basis, decreased by 7.2%.

The weak top-line performance translated into a 48% fall in adjusted profit to $0.56 per share during the three-month period. Unadjusted net income was $155 million or $0.56 per share, compared to $286 million or $0.98 per share last year.

Prior Performance

  • Macys-Q3-2022-Earnings-Infographic
  • Macys-Q2-2022-Earnings-Infographic
  • Macy's Q1 2022 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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