M Q1 2023 Earnings — Macy's, Inc. Revenue & Financial Results | Market Cap Arena

MMacy's, Inc.

$5B

Q1 2023 Earnings

Consumer Cyclical Department Stores

Income Statement

Revenue

$5.2B-7.0% YoY

Gross Profit

$2.2B42.2% margin

Operating Income

$244M4.7% margin

Net Income

$155M3.0% margin

EPS (Diluted)

$0.56

QoQ Revenue Growth

-39.3%

Cash Flow

Operating Cash Flow

$105M

Free Cash Flow

-$191M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$16.9B

Total Liabilities

$12.7B

Stockholders' Equity

$4.2B

Cash & Equivalents

$603M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.2B	$5.6B	-7.0%
Gross Profit	$2.2B	$2.3B	-6.4%
Operating Income	$244M	$463M	-47.3%
Net Income	$155M	$286M	-45.8%

Revenue Segments

Women's Accessories, Shoes, Cosmetics and Fragrances

$2.0B39%

Womens Apparel

$1.1B22%

Mens And Kids

$1.0B20%

Home Other

$789M15%

Credit Card Revenues, Net

$162M3%

Macy's Media Network Revenue, Net

$29M1%