Macy's, Inc. (M)

Macy's Income Statement

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov 2, 2024	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Operating Revenue	22,645	23,092	24,442	24,460	17,346	24,560
Other Revenue	729	774	1,007	939	751	771
Revenue	23,374	23,866	25,449	25,399	18,097	25,331
Revenue Growth (YoY)	-2.91%	-6.22%	0.20%	40.35%	-28.56%	-1.59%
Cost of Revenue	13,822	14,143	15,306	14,956	12,286	15,171
Gross Profit	9,552	9,723	10,143	10,443	5,811	10,160
Selling, General & Admin	8,340	8,364	8,441	8,088	6,713	8,967
Other Operating Expenses	15	15	21	21	-	34
Operating Expenses	8,355	8,379	8,462	8,109	6,713	9,001
Operating Income	1,197	1,344	1,681	2,334	-902	1,159
Interest Expense	-121	-135	-162	-255	-284	-205
Interest & Investment Income	-	-	-	-	4	20
Other Non Operating Income (Expenses)	-	-	-	-	-5	-
EBT Excluding Unusual Items	1,076	1,209	1,519	2,079	-1,187	974
Merger & Restructuring Charges	-55	-55	-5	-3	-224	-123
Impairment of Goodwill	-	-	-	-	-3,080	-
Gain (Loss) on Sale of Assets	144	61	89	91	60	162
Asset Writedown	-931	-957	-15	-6	-200	-197
Other Unusual Items	-6	-134	-70	-295	-159	-88
Pretax Income	228	124	1,518	1,866	-4,790	728
Income Tax Expense	56	19	341	436	-846	164
Earnings From Continuing Operations	172	105	1,177	1,430	-3,944	564
Net Income	172	105	1,177	1,430	-3,944	564
Net Income to Common	172	105	1,177	1,430	-3,944	564
Net Income Growth	-74.78%	-91.08%	-17.69%	-	-	-49.10%
Shares Outstanding (Basic)	277	274	275	307	311	310
Shares Outstanding (Diluted)	281	278	281	314	311	311
Shares Change (YoY)	1.09%	-1.03%	-10.48%	0.93%	-0.10%	-
EPS (Basic)	0.62	0.38	4.28	4.66	-12.68	1.82
EPS (Diluted)	0.61	0.38	4.19	4.55	-12.68	1.81
EPS Growth	-74.94%	-90.93%	-7.91%	-	-	-49.16%
Free Cash Flow	572	674	727	2,358	311	706
Free Cash Flow Per Share	2.04	2.42	2.59	7.51	1.00	2.27
Dividend Per Share	0.686	0.662	0.630	0.300	0.378	1.510
Dividend Growth	5.02%	5.02%	110.00%	-20.53%	-75.00%	0%
Gross Margin	40.87%	40.74%	39.86%	41.12%	32.11%	40.11%
Operating Margin	5.12%	5.63%	6.61%	9.19%	-4.98%	4.58%
Profit Margin	0.74%	0.44%	4.62%	5.63%	-21.79%	2.23%
Free Cash Flow Margin	2.45%	2.82%	2.86%	9.28%	1.72%	2.79%
EBITDA	1,817	1,972	2,303	2,970	-211	1,855
EBITDA Margin	7.77%	8.26%	9.05%	11.69%	-1.17%	7.32%
D&A For EBITDA	620	628	622	636	691	696
EBIT	1,197	1,344	1,681	2,334	-902	1,159
EBIT Margin	5.12%	5.63%	6.61%	9.19%	-4.98%	4.58%
Effective Tax Rate	24.56%	15.32%	22.46%	23.37%	-	22.53%
Revenue as Reported	23,374	23,866	25,449	25,399	-	-
Advertising Expenses	-	1,107	1,163	1,177	818	1,142

Source: S&P Capital IQ. Standard template. Financial Sources.