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

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's

Add Comment
Viewing Highlight