Macy's (NYSE:M) reported its Q1 earnings results on Thursday, May 26, 2022 at 06:55 AM.
Here's what investors need to know about the announcement.
Earnings
Macy's beat estimated earnings by 31.71%, reporting an EPS of $1.08 versus an estimate of $0.82.
Revenue was up $642.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.49 which was followed by a 5.24% drop in the share price the next day.
Here's a look at Macy's's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.96 | 0.31 | 0.14 | -0.41 |
| EPS Actual | 2.45 | 1.23 | 1.29 | 0.39 |
| Revenue Estimate | 8.43B | 5.20B | 4.98B | 4.36B |
| Revenue Actual | 8.66B | 5.44B | 5.65B | 4.71B |
To track all earnings releases for Macy's visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
