Categories AlphaGraphs, Earnings, 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!

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