Macy's, Inc. (M)

Macy's Income Statement

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

Period Ending	May 4, 2024	Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019
Operating Revenue	22,956	23,092	23,236	23,606	24,076	24,442	24,844	25,055	25,102	24,460	22,574	21,123	19,035	17,346	18,903	20,086	22,073	24,560	24,678	24,909
Other Revenue	737	774	694	753	981	1,007	952	927	890	939	825	808	779	751	734	722	730	771	771	773
Revenue	23,693	23,866	23,930	24,359	25,057	25,449	25,796	25,982	25,992	25,399	23,399	21,931	19,814	18,097	19,637	20,808	22,803	25,331	25,449	25,682
Revenue Growth (YoY)	-5.44%	-6.22%	-7.23%	-6.25%	-3.60%	0.20%	10.24%	18.47%	31.18%	40.35%	19.16%	5.40%	-13.11%	-28.56%	-22.84%	-18.98%	-11.33%	-1.59%	-1.91%	-0.39%
Cost of Revenue	14,101	14,143	14,517	14,818	15,063	15,306	15,363	15,366	15,298	14,956	14,247	13,609	12,974	12,286	12,754	13,292	13,969	15,171	15,193	15,312
Gross Profit	9,592	9,723	9,413	9,541	9,994	10,143	10,433	10,616	10,694	10,443	9,152	8,322	6,840	5,811	6,883	7,516	8,834	10,160	10,256	10,370
Selling, General & Admin	8,325	8,364	8,273	8,316	8,489	8,441	8,396	8,270	8,146	8,088	7,596	7,353	6,857	6,713	7,187	7,669	8,451	8,967	8,996	9,047
Other Operating Expenses	15	15	21	21	21	21	21	21	21	21	-79	-68	-9	-	69	66	8	34	2	-6
Operating Expenses	8,340	8,379	8,294	8,337	8,510	8,462	8,417	8,291	8,167	8,109	7,517	7,285	6,848	6,713	7,256	7,735	8,459	9,001	8,998	9,041
Operating Income	1,252	1,344	1,119	1,204	1,484	1,681	2,016	2,325	2,527	2,334	1,635	1,037	-8	-902	-373	-219	375	1,159	1,258	1,329
Interest Expense	-129	-135	-152	-159	-152	-162	-175	-186	-224	-255	-297	-323	-314	-284	-245	-219	-200	-205	-216	-227
Interest & Investment Income	-	-	13	13	-	-	-	1	1	-	2	1	2	4	7	11	15	20	24	25
Other Non Operating Income (Expenses)	-	-	-	-	-	-	-	-	-	-	-1	-2	-5	-5	-4	-3	-	-	-	-
EBT Excluding Unusual Items	1,123	1,209	980	1,058	1,332	1,519	1,841	2,140	2,304	2,079	1,339	713	-325	-1,187	-615	-430	190	974	1,066	1,127
Merger & Restructuring Charges	-55	-55	-5	-5	-5	-5	-3	-3	-3	-3	-28	-30	-199	-224	-509	-512	-343	-123	-46	-44
Impairment of Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-10	-3,080	-3,080	-3,080	-3,070	-	-	-
Gain (Loss) on Sale of Assets	51	61	35	62	58	89	104	121	127	91	101	56	50	60	115	129	135	162	345	368
Asset Writedown	-974	-957	-11	-11	-9	-15	-10	5	5	-6	169	163	161	-200	-425	-419	-416	-197	-65	-65
Other Unusual Items	-134	-134	-136	-161	-39	-70	-69	-231	-315	-295	-383	-216	-170	-159	-141	-126	-88	-88	-55	-66
Pretax Income	11	124	863	943	1,337	1,518	1,863	2,032	2,118	1,866	1,198	686	-493	-4,790	-4,655	-4,438	-3,592	728	1,245	1,320
Income Tax Expense	-1	19	179	194	291	341	452	489	505	436	351	170	-233	-846	-891	-767	-439	164	281	295
Earnings From Continuing Operations	12	105	684	749	1,046	1,177	1,411	1,543	1,613	1,430	847	516	-260	-3,944	-3,764	-3,671	-3,153	564	964	1,025
Net Income	12	105	684	749	1,046	1,177	1,411	1,543	1,613	1,430	847	516	-260	-3,944	-3,764	-3,671	-3,153	564	964	1,025
Net Income to Common	12	105	684	749	1,046	1,177	1,411	1,543	1,613	1,430	847	516	-260	-3,944	-3,764	-3,671	-3,153	564	964	1,025
Net Income Growth	-98.85%	-91.08%	-51.52%	-51.46%	-35.15%	-17.69%	66.59%	199.03%	-	-	-	-	-	-	-	-	-	-49.10%	-43.79%	-39.10%
Shares Outstanding (Basic)	275	274	273	273	272	275	281	289	300	307	311	312	311	311	311	310	310	310	309	309
Shares Outstanding (Diluted)	279	278	278	278	278	281	288	297	307	314	316	315	311	311	311	310	310	311	311	312
Shares Change (YoY)	0.42%	-1.03%	-3.43%	-6.34%	-9.53%	-10.48%	-8.82%	-5.78%	-1.37%	0.93%	1.56%	1.47%	0.41%	-0.10%	-0.23%	-0.45%	-0.59%	-	0.39%	0.97%
EPS (Basic)	0.04	0.38	2.50	2.75	3.84	4.28	5.03	5.33	5.38	4.66	2.73	1.66	-0.84	-12.68	-12.11	-11.83	-10.17	1.82	3.12	3.32
EPS (Diluted)	0.04	0.38	2.46	2.70	3.77	4.19	4.90	5.19	5.25	4.55	2.69	1.65	-0.84	-12.68	-12.12	-11.83	-10.17	1.81	3.10	3.29
EPS Growth	-98.86%	-90.93%	-49.70%	-47.87%	-28.12%	-7.91%	82.18%	215.24%	-	-	-	-	-	-	-	-	-	-49.16%	-43.90%	-39.52%
Free Cash Flow	759	674	567	683	540	727	1,580	1,460	2,002	2,358	968	1,369	1,030	311	1,111	499	662	706	666	781
Free Cash Flow Per Share	2.72	2.42	2.04	2.46	1.94	2.59	5.49	4.92	6.52	7.51	3.07	4.35	3.31	1.00	3.58	1.61	2.13	2.27	2.14	2.50
Dividend Per Share	0.670	0.662	0.654	0.646	0.638	0.630	0.623	0.615	0.458	0.300	0.150	-	-	0.378	0.755	1.133	1.510	1.510	1.510	1.510
Dividend Growth	5.02%	5.02%	5.01%	5.01%	39.43%	110.00%	315.00%	-	-	-20.53%	-80.13%	-	-	-75.00%	-50.00%	-25.00%	0%	0%	0%	0%
Gross Margin	40.48%	40.74%	39.34%	39.17%	39.88%	39.86%	40.44%	40.86%	41.14%	41.12%	39.11%	37.95%	34.52%	32.11%	35.05%	36.12%	38.74%	40.11%	40.30%	40.38%
Operating Margin	5.28%	5.63%	4.68%	4.94%	5.92%	6.61%	7.82%	8.95%	9.72%	9.19%	6.99%	4.73%	-0.04%	-4.98%	-1.90%	-1.05%	1.64%	4.58%	4.94%	5.17%
Profit Margin	0.05%	0.44%	2.86%	3.07%	4.17%	4.62%	5.47%	5.94%	6.21%	5.63%	3.62%	2.35%	-1.31%	-21.79%	-19.17%	-17.64%	-13.83%	2.23%	3.79%	3.99%
Free Cash Flow Margin	3.20%	2.82%	2.37%	2.80%	2.16%	2.86%	6.12%	5.62%	7.70%	9.28%	4.14%	6.24%	5.20%	1.72%	5.66%	2.40%	2.90%	2.79%	2.62%	3.04%
EBITDA	1,878	1,972	1,768	1,846	2,118	2,303	2,622	2,930	3,145	2,970	2,272	1,700	670	-211	320	477	1,072	1,855	1,931	1,997
EBITDA Margin	7.93%	8.26%	7.39%	7.58%	8.45%	9.05%	10.16%	11.28%	12.10%	11.69%	9.71%	7.75%	3.38%	-1.17%	1.63%	2.29%	4.70%	7.32%	7.59%	7.78%
D&A For EBITDA	626	628	649	642	634	622	606	605	618	636	637	663	678	691	693	696	697	696	673	668
EBIT	1,252	1,344	1,119	1,204	1,484	1,681	2,016	2,325	2,527	2,334	1,635	1,037	-8	-902	-373	-219	375	1,159	1,258	1,329
EBIT Margin	5.28%	5.63%	4.68%	4.94%	5.92%	6.61%	7.82%	8.95%	9.72%	9.19%	6.99%	4.73%	-0.04%	-4.98%	-1.90%	-1.05%	1.64%	4.58%	4.94%	5.17%
Effective Tax Rate	-	15.32%	20.74%	20.57%	21.77%	22.46%	24.26%	24.06%	23.84%	23.37%	29.30%	24.78%	-	-	-	-	-	22.53%	22.57%	22.35%
Revenue as Reported	23,693	23,866	-	-	25,057	25,449	16,866	11,399	5,565	25,399	-	-	-	-	-	-	-	-	-	-
Advertising Expenses	-	1,107	-	-	-	1,163	-	-	-	1,177	-	-	-	818	-	-	-	1,142	-	-

Source: S&P Capital IQ. Standard template.