Macy’s, Inc. (NYSE: M) reported fourth quarter 2022 earnings results today.
Net sales of $8.3 billion were down 4.6% year-over-year.
Net income was $508 million, or $1.83 per share, compared to $742 million, or $2.44 per share, last year. Adjusted EPS was $1.88.
Both the top and bottom line numbers beat estimates.
For the full year of 2023, the company expects adjusted EPS to be $3.67-4.11.
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