Macy’s, Inc. Reports Fourth Quarter and Full-Year 2022 Results
Fourth Quarter 2022 Highlights - Net sales of $8.3 billion, down 4.6% versus the fourth quarter of 2021; down 0.9% versus the fourth quarter of 2019. Comparable sales down 3.3% on an owned basis and down 2.7% on an owned-plus-licensed basis versus the fourth quarter of 2021; up 3.1% and up 3.3%, respectively, versus the fourth quarter of 2019. Full-Year 2022 Highlights -Net sales of $24.4 billion, down 0.1% versus 2021; down 0.5% versus 2019. Comparable sales up 0.3% on an owned basis and up 0.6% on an owned-plus-licensed basis versus 2021; up 3.5% and up 3.7%, respectively, versus 2019.