Loading...
Docoh

Macy`s (M)

Macy's, Inc. is one of the nation's premier omni-channel fashion retailers. The company comprises three retail brands, Macy's, Bloomingdale's and Bluemercury. Macy's, Inc. is headquartered in New York, New York.

Company profile

Ticker
M
Exchange
CEO
Jeffrey Gennette
Employees
Incorporated
Location
Fiscal year end
Former names
FEDERATED DEPARTMENT STORES INC /DE/
SEC CIK
Subsidiaries
Macy’s, Inc. • Advertex Communications, Inc. • Bloomingdale's, LLC • Bloomingdale’s The Outlet Store, LLC • Bloomingdales.com, LLC • Bluemercury, Inc. • FDS Thrift Holding Co., Inc. • Macy’s Backstage, Inc. • Macy’s Corporate Services, LLC • Macy’s Credit and Customer Services, Inc. ...
IRS number
133324058

M stock data

Calendar

6 Jun 22
26 Jun 22
29 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 675M 675M 675M 675M 675M 675M
Cash burn (monthly) 346.67M 99.92M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 660.88M 190.48M n/a n/a n/a n/a
Cash remaining 14.12M 484.52M n/a n/a n/a n/a
Runway (months of cash) 0.0 4.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 22 Blake Francis S RSU Common Stock Grant Acquire A No No 0 8,810 0 8,810
20 May 22 Boone Torrence RSU Common Stock Grant Acquire A No No 0 8,810 0 8,810
20 May 22 John A Bryant RSU Common Stock Grant Acquire A No No 0 8,810 0 8,810
20 May 22 Ashley Buchanan RSU Common Stock Grant Acquire A No No 0 8,810 0 8,810
20 May 22 Chandoha Marie A RSU Common Stock Grant Acquire A No No 0 8,810 0 8,810
87.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 437 429 +1.9%
Opened positions 81 103 -21.4%
Closed positions 73 63 +15.9%
Increased positions 155 110 +40.9%
Reduced positions 133 160 -16.9%
13F shares Current Prev Q Change
Total value 5.82B 6.44B -9.7%
Total shares 234.62M 244.11M -3.9%
Total puts 11.06M 17.19M -35.6%
Total calls 7.1M 12.25M -42.0%
Total put/call ratio 1.6 1.4 +11.0%
Largest owners Shares Value Change
BLK Blackrock 35.14M $856.08M -1.9%
Vanguard 30.55M $744.2M +5.7%
STT State Street 11.7M $286.81M -2.7%
Arrowstreet Capital, Limited Partnership 10.11M $246.18M +27.1%
Newport Trust 7.95M $193.73M -0.8%
Appaloosa 7.91M $192.73M -21.6%
Dimensional Fund Advisors 7.72M $188.03M +0.1%
GS Goldman Sachs 7.3M $177.81M -17.7%
Geode Capital Management 5.68M $138.53M +1.0%
NTRS Northern Trust 4.51M $109.89M -3.6%
Largest transactions Shares Bought/sold Change
Contrarius Investment Management 260.01K -5.19M -95.2%
D. E. Shaw & Co. 1.02M -3.5M -77.5%
Susquehanna International 230.24K -3.16M -93.2%
Goldentree Asset Management 4.28M +3.14M +275.2%
Appaloosa 7.91M -2.18M -21.6%
Arrowstreet Capital, Limited Partnership 10.11M +2.16M +27.1%
Renaissance Technologies 3.8M +2.12M +126.2%
Aqr Capital Management 2.65M +2.08M +365.3%
Vanguard 30.55M +1.64M +5.7%
Marshall Wace 3.87M +1.59M +69.7%

Financial report summary

?
Risks
  • Our strategic plans and initiatives may not be successful, which could negatively affect our profitability and growth.
  • Our sales and operating results depend on our ability to anticipate and respond to consumer preferences and manage our inventory and merchandise selection.
  • Our ability to grow depends in part on our stores remaining relevant to customers.
  • We may not be able to successfully execute our real estate strategy.
  • Our revenues and cash requirements are affected by the seasonal nature of our business.
  • Increases in labor costs and the cost of employee benefits could impact our financial results and cash flow.
  • If cash flows from our private label and co-branded credit cards decrease, our financial and operational results may be negatively impacted.
  • Our defined benefit plan funding requirements or plan settlement expense could impact our financial results and cash flow.
  • If our Company’s reputation and brand image are not maintained at a high level, our operations and financial results may suffer.
  • If we are unable to protect our intellectual property, our brands and business could be damaged.
  • Unforeseen disruptions in our distribution and fulfillment centers could have an adverse impact on our business and operations.
  • A material disruption in our information technology systems could adversely affect our business or results of operations.
  • If our technology-based e-commerce systems do not function properly, our operating results could be negatively affected.
  • A breach of our information technology systems could adversely affect our reputation, business partner and customer relationships and operations, and result in high costs.
  • We depend on vendors and other sources of merchandise, goods and services outside the U.S. Our business could be affected by disruptions in, or other legal, regulatory, political, economic or public health issues associated with, our supply network.
  • Disruption of global sourcing activities and quality and other concerns over our own brands could negatively impact brand reputation and earnings.
  • Material disruptions in relationships with third-parties with whom the Company does business could adversely affect its operations.
  • The Company’s business is subject to discretionary consumer spending, unfavorable economic and political conditions, and other related risks.
  • Our business could be materially adversely affected by extreme weather conditions, natural disasters or regional or global health pandemics.
  • Litigation, legislation, regulatory developments or non-compliance could adversely affect our business and results of operations.
  • Our sales and operating results could be adversely affected by product safety concerns.
  • Climate change, or legal, regulatory, or market measures to address climate change, could adversely affect our business and results of operations.
  • Inability to access capital markets could adversely affect our business or financial condition.
  • Our level of indebtedness may adversely affect our ability to operate our business, remain in compliance with debt covenants, react to changes in our business or the industry in which we operate, or prevent us from making payments on our indebtedness.
Management Discussion
  • See pages 22 to 23 for reconciliations of the supplemental non-GAAP financial measures to their most comparable GAAP financial measure and for other important information.
  • Net sales for the first quarter of 2022 improved across all three brands – Macy’s, Bloomingdale’s and bluemercury.  During the quarter, consumer shopping behavior shifted more towards occasion-based apparel, with strength in dresses, women’s and men’s shoes, accessories, men’s tailored and luggage. Categories such as casual, activewear and soft home, including textiles and housewares, underperformed the prior year as a result of the shift in consumer behavior.
  • MACY'S, INC.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: activewear, adequate, advertising, alliance, arising, automatically, automation, Bloomie, boost, capture, Carolina, casual, category, celebrating, center, comfort, compelling, create, creative, deceleration, deemed, discharged, double, downshift, education, employ, employee, engine, equitable, healthy, hourly, image, indenture, indirect, individuality, inflation, inflow, lapping, lease, lien, loosening, Mission, modest, monetization, multiyear, nationwide, newly, North, optimization, originally, people, platform, pursue, reinventing, relocating, renewal, salaried, serve, simplification, SOFR, soft, suspend, tagline, therewith, ticket, underperformed, unused, website
Removed: acquired, added, adjust, Aid, approximate, Benchmark, Bronze, carryback, cleaning, closure, continuously, corporate, delinquency, dilutive, discretionary, dormant, duration, enabled, enhanced, entity, equipment, evolving, exceed, exceeded, executing, execution, exercise, expenditure, faster, flow, foreseeable, fund, Gold, government, grow, highly, implemented, LIBOR, manage, mature, medical, mitigation, momentum, month, negatively, nominate, offset, partially, permit, permitted, personal, Platinum, posed, potentially, predicted, prevent, proactively, promote, proprietary, protect, protection, prudent, receivable, recognition, recovery, refinance, reflecting, release, relief, remote, requirement, respond, response, safety, showed, Silver, software, spend, standpoint, sufficient, suspension, targeted, tendered, terminate, termination, tier, traffic, transmission, trend, ultimate, uncertain, variant, weighted, written