Macy’s, Inc. (NYSE: M) reported fourth quarter 2020 earnings results today.
Net sales totaled $6.7 billion compared to $8.3 billion in the same period last year.
Comparable sales were down 17% on an owned basis and down 17.1% on an owned plus licensed basis.
The company reported a GAAP net profit of $160 million, or $0.50 per share, compared to a net income of $340 million, or $1.09 per share, last year.
The adjusted net profit was $253 million, or $0.80 per share.
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