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Macy’s 2022 Year Sales And Earnings Results Reflect Tight Control

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Macy’s reported a weak 4th quarter 2022 but management comments reflected a determined attitude to manage through these difficult times.

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Net income for the fourth quarter 2022 was $508 million compared to $742 million in fiscal 2021. Diluted earnings per shares in 2022 were $1.83 per share compared to $2.44 in fiscal 2021.

 

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