← Macy's, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $27.1b | $25.8b | $24.9b | $25.0b | $24.6b | $17.3b | $24.5b | $24.4b | $23.1b | $22.3b | $21.8b | |
| Cost of Revenue | $16.5b | $15.6b | $15.2b | $15.2b | $15.2b | $12.3b | $15.0b | $15.3b | $14.2b | $13.7b | $13.5b | |
| Cost of sales | — | ($15.6b) | ($15.2b) | ($15.2b) | ($15.2b) | ($12.3b) | ($15.0b) | ($15.3b) | ($14.1b) | ($13.7b) | ($13.5b) | |
| Gross Profit | $10.6b | $10.2b | $9.8b | $9.8b | $9.4b | $5.1b | $9.5b | $9.1b | $8.9b | $8.6b | $8.3b | |
| Operating Income (Loss) | $2.0b | $1.3b | $1.9b | $1.7b | $970.0m | ($4.5b) | $2.4b | $1.7b | $301.0m | $909.0m | $1.0b | |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible Assets | $23.0m | $10.0m | $10.0m | $10.0m | $3.0m | $2.0m | $2.0m | $2.0m | $2.0m | — | $5.0m | |
| Benefit plan income, net | — | $55.0m | $57.0m | $39.0m | $31.0m | $54.0m | $66.0m | $20.0m | $11.0m | $16.0m | $16.0m | |
| Capitalized Computer Software, Amortization | — | $293.0m | $301.0m | $296.0m | $285.0m | $268.0m | $238.0m | $235.0m | $269.0m | $310.0m | $351.0m | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | $0 | $0 | $328.0m | |
| Gain (Loss) from Litigation Settlement | — | — | — | — | — | — | — | — | $0 | $0 | $328.0m | |
| Gains on sale of real estate | — | $209.0m | $544.0m | $389.0m | $162.0m | $60.0m | $91.0m | $89.0m | $61.0m | $144.0m | $48.0m | |
| Income (Loss) from Equity Method Investments | $0 | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Investment Income, Interest | $2.0m | $4.0m | $11.0m | $25.0m | $20.0m | $4.0m | $1.0m | — | — | — | — | |
| Loss on extinguishment of debt | — | $0 | $10.0m | ($33.0m) | ($30.0m) | $0 | ($199.0m) | ($31.0m) | $0 | ($1.0m) | ($33.0m) | |
| Other revenue | — | — | — | — | — | — | $939.0m | $1.0b | $774.0m | $713.0m | $857.0m | |
| Pension settlement charges | $0 | ($98.0m) | ($105.0m) | ($88.0m) | ($58.0m) | ($84.0m) | ($96.0m) | ($39.0m) | ($134.0m) | ($46.0m) | ($67.0m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | $728.0m | ($4.8b) | $1.9b | $1.5b | $43.0m | $763.0m | $849.0m | |
| Income before income taxes | — | $952.0m | $1.5b | $1.4b | $728.0m | ($4.8b) | $1.9b | $1.5b | $124.0m | $763.0m | $849.0m | |
| Net Income (Loss) Attributable to Parent | $1.1b | $619.0m | $1.6b | $1.1b | $564.0m | ($3.9b) | $1.4b | $1.2b | $45.0m | $582.0m | $642.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $1.1b | $619.0m | $1.6b | $1.1b | $564.0m | ($3.9b) | $1.4b | $1.2b | $45.0m | $582.0m | $642.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($2.0m) | ($8.0m) | ($11.0m) | ($10.0m) | $0 | — | — | — | — | — | — | |
| Common Stock, Dividends, Per Share, Declared | — | $2.01 | $5.07 | $3.60 | $1.51 | $0.38 | $0.30 | $0.63 | $0.66 | $0.69 | $0.73 | |
| Earnings Per Share, Basic | $3.26 | $2.01 | $5.13 | $3.60 | $1.82 | ($12.68) | $4.66 | $4.28 | $0.16 | $2.10 | $2.37 | |
| Earnings Per Share, Diluted | $3.22 | $1.99 | $5.10 | $3.56 | $1.81 | ($12.68) | $4.55 | $4.19 | $0.16 | $2.07 | $2.32 | |
| Weighted Average Number of Shares Outstanding, Basic | 328.4m | 308.5m | 305.4m | 307.7m | 309.7m | 311.1m | 306.8m | 274.7m | 274.2m | 277.7m | 270.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 333.0m | 310.8m | 306.8m | 311.4m | 311.4m | 311.1m | 314.0m | 281.1m | 278.2m | 281.6m | 276.5m | |
| Current Income Tax Expense (Benefit) | $608.0m | $470.0m | $383.0m | $210.0m | $170.0m | ($519.0m) | $417.0m | $379.0m | $242.0m | $233.0m | $145.0m | |
| Federal, state and local income tax (expense) benefit | — | ($341.0m) | $29.0m | ($322.0m) | ($164.0m) | $846.0m | ($436.0m) | ($341.0m) | ($19.0m) | ($181.0m) | ($207.0m) | |
| Financing Interest Expense | $380.0m | $377.0m | $332.0m | $271.0m | $214.0m | $293.0m | $270.0m | $197.0m | $198.0m | $188.0m | $167.0m | |
| Impairment, restructuring and other costs | — | ($479.0m) | ($186.0m) | ($136.0m) | ($354.0m) | ($3.6b) | ($30.0m) | ($41.0m) | ($1.0b) | ($171.0m) | ($230.0m) | |
| Interest Expense | $363.0m | $367.0m | $321.0m | $261.0m | $205.0m | $284.0m | $256.0m | $175.0m | $170.0m | $158.0m | $139.0m | |
| Interest Expense, Debt | $393.0m | $392.0m | $332.0m | $269.0m | $211.0m | $273.0m | $246.0m | $185.0m | $187.0m | $178.0m | $160.0m | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | ($255.0m) | ($162.0m) | ($135.0m) | ($115.0m) | ($97.0m) | |
| Interest expense, net | — | — | — | — | — | — | ($255.0m) | ($162.0m) | ($135.0m) | ($115.0m) | ($97.0m) | |
| Marketing and Advertising Expense | $1.2b | $1.2b | $1.1b | $1.2b | $1.1b | $818.0m | $1.2b | $1.2b | $1.1b | $1.1b | $1.0b | |
| Operating Lease, Expense | — | — | — | — | $418.0m | $421.0m | $407.0m | — | — | — | — | |
| Restructuring and Related Cost, Incurred Cost | $17.0m | $46.0m | ($9.0m) | ($8.0m) | $34.0m | $75.0m | $21.0m | $21.0m | $15.0m | $39.0m | $23.0m | |
| Selling, General and Administrative Expense | $8.3b | $8.5b | $9.0b | $9.0b | $9.0b | $6.8b | $8.0b | $8.5b | $8.4b | $8.3b | $8.2b | |
| Selling, general and administrative expenses | — | ($8.3b) | ($8.1b) | ($9.0b) | ($9.0b) | ($6.8b) | ($8.0b) | ($8.3b) | ($8.4b) | ($8.3b) | ($8.2b) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | $0 | ($98.0m) | ($105.0m) | ($88.0m) | ($58.0m) | ($84.0m) | ($96.0m) | ($39.0m) | ($134.0m) | ($46.0m) | ($67.0m) | |
| Income Tax Expense (Benefit) | $608.0m | $341.0m | ($39.0m) | $322.0m | $164.0m | ($846.0m) | $436.0m | $341.0m | ($2.0m) | $181.0m | $207.0m | |
| Interest Income (Expense), Net | ($361.0m) | ($363.0m) | ($310.0m) | ($236.0m) | — | — | — | — | — | — | — | |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | — | — | ($57.0m) | ($39.0m) | ($31.0m) | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.