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Macys Inc Outlook |
On February 27 2024 the Macys Inc provided following guidance
Revenue for the fourth quarter of 2023 was $8.7 billion, a 2.5% increase compared to the same period last year. Net income for the quarter was $680 million, or $2.12 per share, compared to $610 million, or $1.85 per share, in the fourth quarter of 2022.
For the full-year 2023, revenue was $28.6 billion, an increase of 3.1% compared to the previous year. Net income for the full year was $2.3 billion, or $7.15 per share, compared to $2.1 billion, or $6.30 per share, in 2022.
Looking ahead to fiscal 2024, Macys, Inc. expects revenue to be between $29.5 billion and $30 billion, representing a growth of approximately 3-5%. The company also anticipates net income to be in the range of $2.5 billion to $2.7 billion, with earnings per share between $7.75 and $8.15.
The company credits its success in 2023 to its improved omnichannel experience, effective merchandising, and clear demonstration of value to customers. Moving forward, Macys, Inc. remains committed to continuing to provide a seamless shopping experience for its customers and delivering strong financial performance.
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