Categories AlphaGraphs, Earnings, Retail
M Earnings: All you need to know about Macy’s Q3 2022 earnings results
Macy’s, Inc. (NYSE: M) reported third quarter 2022 earnings results today.
Net sales decreased 3.9% year-over-year to $5.23 billion.
Comparable sales were down 3.1% on an owned basis and down 2.7% on an owned-plus-licensed basis compared to last year.
Net income was $108 million, or $0.39 per share, compared to $239 million, or $0.76 per share, last year. Adjusted EPS was $0.52.
Both revenue and earnings surpassed expectations.
The company reaffirmed its sales guidance and raised its EPS guidance for FY2022. Sales are expected to be $24.3-24.5 billion. EPS is now expected to be $4.07-4.27 versus its prior outlook of $4.00-4.20.
The quarterly results beat and the guidance hike helped the stock gain over 7% in premarket trade.
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 Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
