Macy's, Inc.

Listed Company

MCIK 0000794367NYSELarge AcceleratedRetail-Department StoresDelawareFY ends Feb 1

Period

FY 2026

Revenue

$22.62B

Net Income

$642.00M

Total Assets

$16.24B

Equity

$4.86B

Shares Out

263.74M

Op. Cash Flow

$1.43B

Business

Macy's, Inc. operates a national retail company that sells a broad assortment of consumer merchandise through owned and licensed store formats and digital channels. The company offers apparel and accessories for men, women and children, cosmetics and fragrances, home furnishings and other consumer goods. Operations are conducted through retail banners and divisions including Macy’s, Macy’s Backstage, Macy’s small format, Bloomingdale’s, Bloomingdale’s The Outlet, Bloomie’s and Bluemercury, supported by subsidiaries providing banking, merchandising, technology and logistics services. The company distributes merchandise across the United States, the District of Columbia, Puerto Rico and Guam and through international license arrangements in the Middle East.

Summary from filing dated 2025-03-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	21,764	22,293	23,092	24,442	24,460
Other revenue	857	713	774	1,007	939
Total revenue	22,621	23,006	23,866	25,449	25,399
Cost of sales	−13,497	−13,740	−14,224	−15,347	−14,956
Selling, general and administrative expenses	−8,240	−8,330	−8,375	−8,461	−8,154
Gains on sale of real estate	48	144	61	89	91
Impairment, restructuring and other costs	−230	−171	−1,027	−41	−30
Gain (Loss) from Litigation Settlement	328	0	0	—	—
Operating income	1,030	909	301	1,689	2,350
Benefit plan income, net	16	16	11	20	66
Pension settlement charges	−67	−46	−134	−39	−96
Interest expense, net	−97	−115	−135	−162	−255
Loss on extinguishment of debt	−33	−1	0	−31	−199
Income before income taxes	849	763	43	1,477	1,866
Federal, state and local income tax (expense) benefit	−207	−181	2	−331	−436
Net income	642	582	45	1,146	1,430
Basic earnings per share (in dollars per share)	2.37	2.1	0.16	4.17	4.66
Diluted earnings per share (in dollars per share)	2.32	2.07	0.16	4.08	4.55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	1,246	1,306	1,034	862	1,712
Receivables	628	303	293	300	—
Merchandise inventories	4,412	4,468	4,361	4,267	4,383
Prepaid expenses and other current assets	387	385	401	424	366
Income taxes receivable	0	17	0	—	—
Total Current Assets	6,673	6,479	6,089	5,853	6,758
Property and Equipment net	4,743	5,070	5,308	5,913	5,665
Right of Use Assets	2,136	2,243	2,305	2,683	2,808
Goodwill	828	828	828	828	828
Other Intangible Assets net	420	425	430	432	435
Other Assets	1,438	1,357	1,286	1,157	1,096
Total Assets	16,238	16,402	16,246	16,866	17,590
Short-term debt	0	6	0	—	0
Merchandise accounts payable	1,807	1,893	1,913	2,053	2,222
Accounts payable and accrued liabilities	2,615	2,625	2,571	2,750	3,086
Income taxes payable	71	0	48	58	108
Total Current Liabilities	4,493	4,524	4,532	4,861	5,416
Long-Term Debt	2,432	2,773	2,998	2,996	3,295
Long-Term Lease Liabilities	2,772	2,927	2,986	2,963	3,098
Deferred Income Taxes	805	724	745	947	983
Other Liabilities	876	902	950	1,017	1,177
Common stock (263.0 and 277.7 shares outstanding)	3	3	3	3	3
Additional paid-in capital	269	300	352	467	517
Accumulated equity	6,941	6,499	6,088	6,268	5,268
Treasury stock	−1,961	−1,801	−1,912	−2,038	−1,545
Accumulated other comprehensive loss	−392	−449	−496	−618	−622
Total Shareholders' Equity	4,860	4,552	4,035	4,082	3,621
Total Liabilities and Shareholders Equity	16,238	16,402	16,246	16,866	17,590

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Pension settlement charges	67	46	134	39	96
Depreciation and amortization	894	881	897	857	874
Benefit plans	2	2	4	17	34
Stock-based compensation expense	59	58	47	54	55
Deferred income taxes	62	−52	−244	−38	19
Amortization of financing costs and premium on acquired debt	8	11	10	11	70
(Increase) decrease in receivables	−325	2	7	−3	−21
Decrease (increase) in merchandise inventories	51	−51	−99	116	−610
(Increase) decrease in prepaid expenses and other current assets	−13	11	18	−66	−39
Decrease in merchandise accounts payable	−74	−11	−113	−129	218
Decrease in accounts payable and accrued liabilities	−83	−49	−266	−133	245
Increase (decrease) in current income taxes	77	−69	3	−85	588
Change in other assets and liabilities	−119	−110	−104	−123	−186
Net cash provided by operating activities	1,430	1,278	1,305	1,615	2,712
Purchase of property and equipment	−373	−518	−631	−888	−354
Capitalized software	−367	−364	−362	−407	−243
Proceeds from disposition of assets, net	107	283	86	137	164
Other, net	−6	7	−6	−11	63
Net cash used by investing activities	−639	−592	−913	−1,169	−370
Debt issued	500	301	961	2,809	1,085
Debt issuance costs	−13	−1	−1	−21	−9
Debt repaid	−846	−524	−963	−3,100	−2,699
Debt repurchase premium and expenses	−27	1	0	−29	—
Dividends paid	−197	−192	−181	−173	−90
Increase (decrease) in outstanding checks	−19	3	2	−181	−23
Acquisition of treasury stock	−250	−1	−38	−601	−500
Net cash used by financing activities	−852	−413	−220	−1,296	−2,381
Net (decrease) increase in cash, cash equivalents and restricted cash	−61	273	172	−850	−39
Interest paid	167	155	157	188	442
Interest received	42	40	38	9	1

Filings

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