Macy's, Inc.

NYSE:M Stock Report

Market Cap: US$4.2b

Macy's Past Earnings Performance

Past criteria checks 1/6

Macy's has been growing earnings at an average annual rate of 38.7%, while the Multiline Retail industry saw earnings growing at 22.6% annually. Revenues have been growing at an average rate of 1.9% per year. Macy's's return on equity is 4.1%, and it has net margins of 0.7%.

Key information

38.7%

Earnings growth rate

38.7%

EPS growth rate

Multiline Retail Industry Growth12.6%
Revenue growth rate1.9%
Return on equity4.1%
Net Margin0.7%
Last Earnings Update02 Nov 2024

Recent past performance updates

Recent updates

Wall Street Lunch: ICR Conference Brings In Holiday Sales Results

Jan 13

Macy's: Growth Is Likely To Inflect Moving Forward (Rating Upgrade)

Dec 13

Macy's Bold New Chapter Strategy Faces Too Many Uncertainties

Oct 07

Macy's, Inc.: Potential For Growth Inflection, But I Am Hold Rated

Sep 24

Macy's: Margins And Go-Forward Sales Growth Critical To Q2 Results

Aug 19

Macy's: Broken Market

Jul 15

Macy's Remains On Sale After An Upsized Bid Pushes Shares Higher

Jul 05

Macy's: Encouraging Q1 Points To Brighter Long-Term Prospects

May 21

Macy's: Still Looking For A Bigger Bid

Apr 25

Macy's: A Sell On Rising Credit Card Delinquencies

Apr 18

Macy's (NYSE:M) Is Paying Out A Larger Dividend Than Last Year

Mar 05
Macy's (NYSE:M) Is Paying Out A Larger Dividend Than Last Year

Macy's: Q4 Results Are A Cause For Optimism

Mar 01

Is Macy's (NYSE:M) Using Too Much Debt?

Jan 19
Is Macy's (NYSE:M) Using Too Much Debt?

Macy's: Holding For Takeover Bid, Expecting Decent Post-Holiday Sales Results

Jan 16

Macy's, Inc. (NYSE:M) Stock Rockets 39% But Many Are Still Ignoring The Company

Dec 19
Macy's, Inc. (NYSE:M) Stock Rockets 39% But Many Are Still Ignoring The Company

Macy's: Hard Pass On This Buyout Offer

Dec 11

Macy's (NYSE:M) Has Affirmed Its Dividend Of $0.1654

Dec 08
Macy's (NYSE:M) Has Affirmed Its Dividend Of $0.1654

Macy's (NYSE:M) Has Announced A Dividend Of $0.1654

Nov 24
Macy's (NYSE:M) Has Announced A Dividend Of $0.1654

Macy's: Property Portfolio Will Not Save It As Profitability Tumbles

Nov 13

Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1654

Nov 02
Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1654

Macy's: Navigating Modern Retail Challenges With Legacy Strengths

Oct 13

Is Now The Time To Look At Buying Macy's, Inc. (NYSE:M)?

Oct 09
Is Now The Time To Look At Buying Macy's, Inc. (NYSE:M)?

Macy's: A Deep Value Trap?

Oct 02

Returns At Macy's (NYSE:M) Appear To Be Weighed Down

Sep 21
Returns At Macy's (NYSE:M) Appear To Be Weighed Down

Revenue & Expenses Breakdown

How Macy's makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:M Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
02 Nov 2423,3741728,3400
03 Aug 2423,5091848,3180
04 May 2423,693128,3250
03 Feb 2423,8661058,3640
28 Oct 2324,0746828,4170
29 Jul 2324,5037498,4600
29 Apr 2325,0571,0468,4890
28 Jan 2325,4491,1778,4410
29 Oct 2225,7961,4118,3960
30 Jul 2225,9821,5438,2700
30 Apr 2225,9921,6138,1460
29 Jan 2225,3991,4308,0880
30 Oct 2123,3998477,5960
31 Jul 2121,9315167,3530
01 May 2119,814-2606,8570
30 Jan 2118,097-3,9446,7130
31 Oct 2019,637-3,7647,1870
01 Aug 2020,808-3,6717,6690
02 May 2022,803-3,1538,4510
01 Feb 2025,3315648,9670
02 Nov 1925,4499648,9960
03 Aug 1925,6821,0259,0470
04 May 1925,7171,1059,0330
02 Feb 1925,7391,1089,0000
03 Nov 1825,9451,7159,0030
04 Aug 1825,7821,6838,9310
05 May 1825,8281,6278,9250
03 Feb 1825,6411,5668,8970
28 Oct 1725,2556948,1710
29 Jul 1725,4556818,2750
29 Apr 1725,5185818,3560
28 Jan 1726,5646279,2020
29 Oct 1626,1326887,1650
30 Jul 1626,3807897,1130
30 Apr 1626,6189957,1380
30 Jan 1627,0791,0728,4680
31 Oct 1527,5741,3218,1660
01 Aug 1527,8951,4207,9230
02 May 1528,0581,4957,5410
31 Jan 1528,1051,5267,2940
01 Nov 1427,9431,5447,6410
02 Aug 1428,0241,5047,9280
03 May 1427,8231,4938,2330

Quality Earnings: M has a large one-off loss of $848.0M impacting its last 12 months of financial results to 2nd November, 2024.

Growing Profit Margin: M's current net profit margins (0.7%) are lower than last year (2.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: M's earnings have grown significantly by 38.7% per year over the past 5 years.

Accelerating Growth: M's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: M had negative earnings growth (-73.6%) over the past year, making it difficult to compare to the Multiline Retail industry average (41.1%).

Return on Equity

High ROE: M's Return on Equity (4.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/16 16:32
End of Day Share Price 2025/02/14 00:00
Earnings2024/11/02
Annual Earnings2024/02/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Macy's, Inc. is covered by 38 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher GrajaArgus Research Company
Daniela NedialkovaAtlantic Equities LLP
Ishan MajumdarBaptista Research