M
3Q24 Earnings
December 11, 2024
3Q24 Macy's, Inc.
Performance Highlights
$4.7B
39.6%
Net sales
Gross margin rate1,3
42.1%
$0.04
SG&A expense rate2
Adjusted Diluted Earnings
Per Share (EPS)3
1 % of net sales. 2 % of total revenue.
3 Includes adjustment for delivery expense of $13M, ~30 bps, and $0.04, respectively.4 Macy's First 50 locations comparable owned-plus-licensed (O+L) sales, Bloomingdale's comparable owned-plus-licensed-plus-marketplace (O+L+M) sales, Bluemercury comparable owned sales.
3Q24 Macy's, Inc. 3
A Bold New Chapter
Challenging the status quo to fundamentally reposition the company, enhance the customer experience, deliver growth and unlock shareholder value.
Strengthen
Accelerate
Simplify & Modernize
Macy's Nameplate
Luxury Growth
End-to-End Operations
A Bold New Chapter 4
Strengthen
Macy's Nameplate
Strengthen Macy's Nameplate
First 50 Locations
+1.9% +400bps
Comparable O+L sales vs. 3Q23, +410 bps vs. Macy's nameplate
+600 bps
First 50 NPS year-over-year improvement, third consecutive quarter of improvement
+700bps
Women's shoes sales1 year-over- year outperformance vs. locations without staffing investments
Handbags sales1 year-over-year outperformance vs. locations without staffing investments
Strengthen Macy's Nameplate 6
1 Additional ~100 locations that received women's shoes and/or handbag staffing investments.
Strengthen Macy's Nameplate
3Q24 Performance
-2.2%
Macy's comparable owned- plus-licensed-plus- marketplace (O+L+M) sales vs. 3Q23
+230bps
NPS year-over-year improvement, achieved highest score ever
Strengthen Macy's Nameplate 7
Accelerate
Luxury Growth
Accelerate Luxury Growth
Bloomingdale's
+3.2%
~2B
Comparable O+L+M sales1
From Italy, With Love
vs. 3Q23
campaign media impressions
• Return to positive comps driven by women's advanced
contemporary apparel, beauty and digital.
• Added new brands, including SKIMS and Jenni Kayne.
• Handbag category improvement with strength in Tory
Burch, Coach, Longchamp and Rebag launch.
• Home category remained pressured.
• NPS increased 70 bps year-over-year, delivering its highest
historical score.
• From Italy, With Love campaign was a strong traffic driver.
• Fourth Bloomie's location opened 11/14 in Shrewsbury, NJ.
9
Accelerate Luxury Growth
1Excludes one Non-Go-Forward location.
Accelerate Luxury Growth
Bluemercury
+3.3%
15th
Comparable owned sales
Consecutive quarter of
vs. 3Q23
comparable sales growth
Accelerate Luxury Growth
10
Disclaimer
Macy's Inc. published this content on December 11, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 11, 2024 at 11:58:02.521.