Categories AlphaGraphs, Earnings, Retail
M Earnings: All you need to know about Macy’s Q2 2022 earnings results
Macy’s, Inc. (NYSE: M) reported second quarter 2022 earnings results today.
Net sales dipped slightly to $5.60 billion from $5.65 billion in the same quarter a year ago. Comparable sales were down 1.5% on an owned basis and down 1.6% on an owned plus licensed basis.
Net income dropped to $275 million, or $0.99 per share, from $345 million, or $1.08 per share, a year ago. Adjusted EPS amounted to $1.00.
Both revenue and adjusted earnings topped expectations.
Macy’s lowered its guidance for FY2022 as it expects to see a reduction in consumer spending on discretionary items amid a challenging macro-environment. The company now expects net sales to range between $24.3-24.5 billion and adjusted EPS to come between $4.00-4.20 versus the previous range of sales of $24.5-24.7 billion and adjusted EPS of $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
Key highlights from CarMax’s (KMX) Q4 2025 earnings results
CarMax, Inc. (NYSE: KMX) reported its fourth quarter 2025 earnings results today. Net revenues of $6 billion were up 6.7% from the same period a year ago. Net earnings increased
American Express (AXP) likely to report higher Q1 revenue and profit
American Express Company (NYSE: AXP) has continued its profitable growth trajectory in recent years amid stable demand for its services and strong consumer engagement, despite a slowdown in spending among
DAL Earnings: All you need to know about Delta Air Lines’ Q1 2025 earnings results
Delta Air Lines (NYSE: DAL) reported its first quarter 2025 earnings results today. Operating revenue increased 2% year-over-year to $14 billion. Net income was $240 million, or $0.37 per share,
