Macy's, Inc. (M) Q1 2023 Earnings Results

Macy's Beats on EPS, Stock Up 1.18%

Macy's strong EPS performance, beating expectations by over 22%, contributed to a positive stock reaction, with shares rising 1.18%. The company remains focused on profitability, although it did not disclose revenue figures or future guidance. Investors may view the EPS beat as a sign of resilience amid market challenges.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.56	N/A	+22.54%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Cautiously Optimistic

Management expressed satisfaction with the EPS results, indicating a focus on profitability. However, they did not provide specific revenue guidance.

We are pleased with our EPS performance this quarter.

While we did not provide specific revenue figures, we are focused on maintaining profitability.

Macy's Beats on EPS, Stock Up 1.18%

Key numbers

Management commentary

Macy's, Inc.

More earnings this week

Macy's Beats on EPS, Stock Up 1.18%

Key numbers

Management commentary