Categories AlphaGraphs, Retail
M Earnings: All you need to know about Macy’s Q1 2022 earnings results
Macy’s Inc. (NYSE: M) reported first quarter 2022 earnings results today.
Net sales rose to $5.3 billion from $4.7 billion in the same period a year ago.
Comparable sales were up 12.8% on an owned basis and up 12.4% on an owned-plus-licensed basis.
GAAP net income was $286 million, or $0.98 per share, compared to $103 million, or $0.32 per share, last year. Adjusted EPS amounted to $1.08.
Macy’s reaffirmed its sales guidance and raised its adjusted EPS guidance for FY2022. Sales are expected to range between $24.4-24.7 billion while adjusted EPS is estimated to be $4.53-4.95.
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
Earnings: Highlights of Bed Bath & Beyond (BBBY) Q1 report
Home furnishing retailer Bed Bath & Beyond (NASDAQ: BBBY) has reported a net loss for the first quarter of 2022 when the company’s revenues declined by 25%. Net earnings, adjusted
Mattel (MAT): Here are a few points to keep in mind if you are considering this toymaker
Shares of Mattel Inc. (NASDAQ: MAT) have gained 1% year-to-date and 6% over the past 12 months. The company delivered double-digit growth in sales and improved profitability for its most
Prologis (PLD) set for long-term gains from high e-commerce demand
The ripples of the COVID-driven e-commerce boom are being felt beyond the retail industry, and the other sectors influenced by it include transportation and real estate. The high demand for
