1. Fiscal years 2021, 2022, and 2023, and certain quarterly and year-to-date periods in these fiscal years, have been revised due to the adjustment for delivery expense. Please refer to the December 11, 2024 Form 8-K and Q3 2024 Form 10-Q, for additional information on this issue and revised financial information. Historical reporting (including earnings release and 10-Q/Ks) have not been amended for these changes.

2. Effective February 4, 2018, Macy’s, Inc. adopted new accounting standards related to revenue recognition and retirement benefits. To help investors understand the comparability of guidance for fiscal 2018, Macy’s, Inc. has prepared annual and quarterly unaudited income statements and balance sheets for 2017 and 2016, which reflect adoption of the new standards.