Macy's Past Earnings Performance
Past criteria checks 1/6
Macy's has been growing earnings at an average annual rate of 21.3%, while the Multiline Retail industry saw earnings growing at 13.9% annually. Revenues have been growing at an average rate of 0.5% per year. Macy's's return on equity is 2.5%, and it has net margins of 0.4%.
Key information
21.3%
Earnings growth rate
22.4%
EPS growth rate
| Multiline Retail Industry Growth | 12.6% |
| Revenue growth rate | 0.5% |
| Return on equity | 2.5% |
| Net Margin | 0.4% |
| Last Earnings Update | 03 Feb 2024 |
Recent past performance updates
Recent updates
Macy's (NYSE:M) Is Paying Out A Larger Dividend Than Last Year
Mar 05
Macy's: Q4 Results Are A Cause For Optimism
Mar 01Is Macy's (NYSE:M) Using Too Much Debt?
Jan 19Macy's: Holding For Takeover Bid, Expecting Decent Post-Holiday Sales Results
Jan 16Macy's, Inc. (NYSE:M) Stock Rockets 39% But Many Are Still Ignoring The Company
Dec 19Macy's: Hard Pass On This Buyout Offer
Dec 11Macy's (NYSE:M) Has Affirmed Its Dividend Of $0.1654
Dec 08Macy's (NYSE:M) Has Announced A Dividend Of $0.1654
Nov 24Macy's: Property Portfolio Will Not Save It As Profitability Tumbles
Nov 13Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1654
Nov 02Macy's: Navigating Modern Retail Challenges With Legacy Strengths
Oct 13Is Now The Time To Look At Buying Macy's, Inc. (NYSE:M)?
Oct 09Macy's: A Deep Value Trap?
Oct 02Returns At Macy's (NYSE:M) Appear To Be Weighed Down
Sep 21Buy Macy's: It's A Covered Land Play In Disguise
Sep 07Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1654
Aug 31Macy's: Greatly Undervalued, Extracting Value From Real Estate, Stock Buybacks And Potential Catalysts
Aug 16Does Macy's (NYSE:M) Have A Healthy Balance Sheet?
Aug 02Macy's: Declining Sales A Concern But Not Worth Selling The Stock Over
Aug 02Macy's: Business As Usual
Jul 22Is There An Opportunity With Macy's, Inc.'s (NYSE:M) 39% Undervaluation?
Jul 05Macy's (NYSE:M) Hasn't Managed To Accelerate Its Returns
Jun 22Macy's: Now Fairly Valued
Jun 20A Conservative Strategy For Playing Macy's Already Low Valuation
Jun 05Macy's' (NYSE:M) Dividend Will Be $0.1654
Jun 04Why Macy's, Inc. (NYSE:M) Could Be Worth Watching
May 03Macy's (NYSE:M) Takes On Some Risk With Its Use Of Debt
Apr 05Estimating The Fair Value Of Macy's, Inc. (NYSE:M)
Mar 23Returns Are Gaining Momentum At Macy's (NYSE:M)
Mar 09Revenue & Expenses BreakdownBeta
How Macy's makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 03 Feb 24 | 23,866 | 105 | 8,364 | 0 |
| 28 Oct 23 | 23,930 | 684 | 8,273 | 0 |
| 29 Jul 23 | 24,359 | 749 | 8,316 | 0 |
| 29 Apr 23 | 24,913 | 1,046 | 8,345 | 0 |
| 28 Jan 23 | 25,449 | 1,177 | 8,441 | 0 |
| 29 Oct 22 | 25,796 | 1,411 | 8,396 | 0 |
| 30 Jul 22 | 25,982 | 1,543 | 8,270 | 0 |
| 30 Apr 22 | 25,992 | 1,613 | 8,146 | 0 |
| 29 Jan 22 | 25,399 | 1,430 | 8,088 | 0 |
| 30 Oct 21 | 23,399 | 847 | 7,596 | 0 |
| 31 Jul 21 | 21,931 | 516 | 7,353 | 0 |
| 01 May 21 | 19,814 | -260 | 6,857 | 0 |
| 30 Jan 21 | 18,097 | -3,944 | 6,713 | 0 |
| 31 Oct 20 | 19,637 | -3,764 | 7,187 | 0 |
| 01 Aug 20 | 20,808 | -3,671 | 7,669 | 0 |
| 02 May 20 | 22,803 | -3,153 | 8,451 | 0 |
| 01 Feb 20 | 25,331 | 564 | 8,967 | 0 |
| 02 Nov 19 | 25,449 | 964 | 8,996 | 0 |
| 03 Aug 19 | 25,682 | 1,025 | 9,047 | 0 |
| 04 May 19 | 25,717 | 1,105 | 9,033 | 0 |
| 02 Feb 19 | 25,739 | 1,108 | 9,000 | 0 |
| 03 Nov 18 | 25,945 | 1,715 | 9,003 | 0 |
| 04 Aug 18 | 25,782 | 1,683 | 8,931 | 0 |
| 05 May 18 | 25,828 | 1,627 | 8,925 | 0 |
| 03 Feb 18 | 25,641 | 1,566 | 8,897 | 0 |
| 28 Oct 17 | 25,255 | 694 | 8,171 | 0 |
| 29 Jul 17 | 25,455 | 681 | 8,275 | 0 |
| 29 Apr 17 | 25,518 | 581 | 8,356 | 0 |
| 28 Jan 17 | 26,564 | 627 | 9,202 | 0 |
| 29 Oct 16 | 26,132 | 688 | 7,165 | 0 |
| 30 Jul 16 | 26,380 | 789 | 7,113 | 0 |
| 30 Apr 16 | 26,618 | 995 | 7,138 | 0 |
| 30 Jan 16 | 27,079 | 1,072 | 8,468 | 0 |
| 31 Oct 15 | 27,574 | 1,321 | 8,166 | 0 |
| 01 Aug 15 | 27,895 | 1,420 | 7,923 | 0 |
| 02 May 15 | 28,058 | 1,495 | 7,541 | 0 |
| 31 Jan 15 | 28,105 | 1,526 | 7,294 | 0 |
| 01 Nov 14 | 27,943 | 1,544 | 7,641 | 0 |
| 02 Aug 14 | 28,024 | 1,504 | 7,928 | 0 |
| 03 May 14 | 27,823 | 1,493 | 8,233 | 0 |
| 01 Feb 14 | 27,931 | 1,486 | 7,420 | 0 |
| 02 Nov 13 | 28,079 | 1,405 | 9,052 | 0 |
| 03 Aug 13 | 27,878 | 1,373 | 8,861 | 0 |
| 04 May 13 | 27,930 | 1,371 | 8,694 | 0 |
Quality Earnings: M has a large one-off loss of $1.1B impacting its last 12 months of financial results to 3rd February, 2024.
Growing Profit Margin: M's current net profit margins (0.4%) are lower than last year (4.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: M's earnings have grown significantly by 21.3% 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 (-91%) over the past year, making it difficult to compare to the Multiline Retail industry average (74.4%).
Return on Equity
High ROE: M's Return on Equity (2.5%) is considered low.