Macy’s reported Q2 FY24 net sales of $4.9 billion, down 3.8 per cent from Q2 FY23.
Despite the decline, diluted EPS improved to $0.53 from a loss of $0.08 last year.
Gross margin rose to 40.5 per cent, with merchandise inventories up 6 per cent.
Bloomingdale’s saw a slight 0.2 per cent sales decline.
Other revenue increased to $159 million.
Despite the decline, diluted EPS improved to $0.53 from a loss of $0.08 last year.
Gross margin rose to 40.5 per cent, with merchandise inventories up 6 per cent.
Bloomingdale’s saw a slight 0.2 per cent sales decline.
Other revenue increased to $159 million.
