M Q2 2023 Earnings — Macy's, Inc. Revenue & Financial Results | Market Cap Arena

MMacy's, Inc.

$5B

Q2 2023 Earnings

Consumer Cyclical Department Stores

Income Statement

Revenue

$5.3B-9.5% YoY

Gross Profit

$2.1B39.8% margin

Operating Income

$124M2.3% margin

Net Income

-$22M-0.4% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$166M

Free Cash Flow

-$102M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$16.3B

Total Liabilities

$12.1B

Stockholders' Equity

$4.2B

Cash & Equivalents

$438M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.3B	$5.8B	-9.5%
Gross Profit	$2.1B	$2.4B	-12.8%
Operating Income	$124M	$399M	-68.9%
Net Income	-$22M	$275M	-108.0%

Revenue Segments

Women's Accessories, Shoes, Cosmetics and Fragrances

$2.0B39%

Mens And Kids

$1.1B21%

Womens Apparel

$1.1B21%

Home Other

$860M16%

Credit Card Revenues, Net

$120M2%

Macy's Media Network Revenue, Net

$30M1%