Diluted earnings per share of $0.15 and Adjusted diluted earnings per share of $0.21.Please refer to note 2 within the financial tables regarding reclassifications of certain prior year metrics.

Comparisons to 2019 are provided, where appropriate, to benchmark performance. to sustainable long-term profitable sales growth in the future.”Ĭomparisons are to the third quarter of 2022 unless noted otherwise. 'Looking forward we have strong continuity with Tony Spring transitioning to CEO in February and I am confident he and our leadership team will guide Macy’s, Inc. We have refined our gift assortment, simplified our promotions and improved our shopping experience,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. Our portfolio of nameplates are leading gift-giving destinations across the value spectrum offering exclusive products. We delivered better-than-expected top and bottom line third quarter results and are entering the holiday period in a healthy inventory position. “I’d like to thank our teams for executing well during the quarter. (NYSE: M) today reported financial results for the third quarter of 2023 and updated its annual guidance. Merchandise inventories down 6% year-over-year, down 17% to 2019ĭiluted EPS of $0.15 and Adjusted Diluted EPS of $0.21 Gross margin rate of 40.3%, up 160 basis points year-over-year Reports Third Quarter 2023 Resultsĭelivered better-than-expected performance on both top and bottom lines

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