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!

Most Popular

What to look for when Hormel Foods (HRL) reports Q4 2023 earnings

Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings

Kroger set to report Q3 results. Here’s everything you need to know

The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer

Earnings Preview: Salesforce will likely deliver another strong quarter

Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top