- Net income of $160 million, or $0.50 per share
- Adjusted EPS at $0.80 per share
- Sales of 6.78 billion
“Macy’s, Inc.’s fourth quarter results exceeded our expectations across all three of our brands, as we showed continued quarter-to-quarter sales performance improvements and returned to profitability,” said Jeff Gennette, Chairman and Chief Executive Officer.Macy’s omnichannel performance has created a strong foundation for the future of their brand. The company is using their brick-and-mortar stores as fulfillment centers to help complete online orders. Approximately 25% of Macy’s digital sales were fulfilled from stores according to their report. The company’s quarterly inventory was down 27% year-over-year; however, this puts them in a healthy position. Macy’saggressively reduced excess inventory levels and continuously improved visual presentations in their stores throughout the quarter. Macy’s ended 2020 in a strong liquidity position. Throughout 2021 Macy plans to focus on recovery and rebuilding, with a possibility to top $20 billion in sales. Source: Macy’s Inc. Press Release 2/23/21 Photo Credit: Macy’s Media Assets
—About Macy’s, Inc. Macy’s, Inc. (NYSE: M) 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. For more information, please visit www.macysinc.com.