Annual report pursuant to Section 13 and 15(d)

Quarterly Results (unaudited) (Tables)

v3.7.0.1
Quarterly Results (unaudited) (Tables)
12 Months Ended
Jan. 28, 2017
Quarterly Financial Data [Abstract]  
Unaudited Quarterly Results for the Last Two Years
Unaudited quarterly results for the last two years were as follows:
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(millions, except per share data)
2016:
 
 
 
 
 
 
 
Net sales
$
5,771

 
$
5,866

 
$
5,626

 
$
8,515

Cost of sales
(3,516
)
 
(3,468
)
 
(3,386
)
 
(5,251
)
Gross margin
2,255

 
2,398

 
2,240

 
3,264

Selling, general and administrative expenses
(1,966
)
 
(2,026
)
 
(2,071
)
 
(2,202
)
Impairments, store closing and other costs

 
(249
)
 

 
(230
)
Settlement charges
(13
)
 
(6
)
 
(62
)
 
(17
)
Net income attributable to Macy's, Inc. shareholders
116

 
11

 
17

 
475

Basic earnings per share attributable to  
    Macy's, Inc. shareholders
.37

 
.03

 
.05

 
1.56

Diluted earnings per share attributable to
    Macy's, Inc. shareholders
.37

 
.03

 
.05

 
1.54

2015:
 
 
 
 
 
 
 
Net sales
$
6,232

 
$
6,104

 
$
5,874

 
$
8,869

Cost of sales
(3,800
)
 
(3,610
)
 
(3,537
)
 
(5,549
)
Gross margin
2,432

 
2,494

 
2,337

 
3,320

Selling, general and administrative expenses
(2,023
)
 
(2,058
)
 
(1,968
)
 
(2,207
)
Impairments, store closing and other costs

 

 
(111
)
 
(177
)
Net income attributable to Macy's, Inc. shareholders
193

 
217

 
118

 
544

Basic earnings per share attributable to  
    Macy's, Inc. shareholders
.57

 
.65

 
.36

 
1.74

Diluted earnings per share attributable to
    Macy's, Inc. shareholders
.56

 
.64

 
.36

 
1.73