M Q1 2024 Earnings — Macy's, Inc. Revenue & Financial Results | Market Cap Arena

MMacy's, Inc.

$5B

Q1 2024 Earnings

Consumer Cyclical Department Stores

Income Statement

Revenue

$5.0B-3.3% YoY

Gross Profit

$2.1B41.1% margin

Operating Income

$125M2.5% margin

Net Income

$62M1.2% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

-40.3%

Cash Flow

Operating Cash Flow

$129M

Free Cash Flow

-$100M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$16.4B

Total Liabilities

$12.3B

Stockholders' Equity

$4.2B

Cash & Equivalents

$876M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.0B	$5.2B	-3.3%
Gross Profit	$2.1B	$2.2B	-6.0%
Operating Income	$125M	$244M	-48.8%
Net Income	$62M	$155M	-60.0%

Revenue Segments

Women's Accessories, Shoes, Cosmetics and Fragrances

$2.1B41%

Womens Apparel

$1.1B23%

Mens And Kids

$981M20%

Home Other

$650M13%

Credit Card Revenues, Net

$117M2%

Macy's Media Network Revenue, Net

$37M1%