Macy's, Inc. (M) [Rocket]

In millions, except per share items	Jan-28-23	Jan-29-22	Jan-30-21	Feb-01-20	Feb-02-19	Feb-03-18	Jan-28-17	Jan-30-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Men’s and Kids’	5,297	5,247	3,477
Women’s Accessories, Shoes, Cosmetics and Fragrances	9,597	9,385	6,667
Women’s Apparel	5,349	5,174	3,454
Other	4,199	4,654	3,748
Total revenues	24,442	24,460	17,346	24,560	24,971	24,939	26,564	27,079
Revenue growth [+]	-0.1%	41.0%	-29.4%	-1.6%	0.1%	-6.1%	-1.9%	-3.7%
Men’s and Kids’	1.0%	50.9%
Women’s Accessories, Shoes, Cosmetics and Fragrances	2.3%	40.8%
Women’s Apparel	3.4%	49.8%
Women's Apparel				-4.1%
Cost of goods sold	15,306	14,956	12,286	15,171	15,215	15,181	15,666	16,496
Gross profit	9,136	9,504	5,060	9,389	9,756	9,758	10,898	10,583
Gross margin	37.4%	38.9%	29.2%	38.2%	39.1%	39.1%	41.0%	39.1%
Selling, general and administrative	8,317	8,047	6,767	8,998	9,039	8,954	9,257	8,468
Other operating expenses	-845	-757	-742	-747	-864	-606	52
EBITDA [+]	2,521	3,088	-6	2,119	2,543	2,401	2,647	3,176
EBITDA growth	-18.4%	-51566.7%	-100.3%	-16.7%	5.9%	-9.3%	-16.7%	-19.2%
EBITDA margin	10.3%	12.6%	0.0%	8.6%	10.2%	9.6%	10.0%	11.7%
Depreciation	855	872	957	978	952	981	1,048	1,038
EBITA	1,666	2,216	-963	1,141	1,591	1,420	1,599	2,138
EBITA margin	6.8%	9.1%	-5.6%	4.6%	6.4%	5.7%	6.0%	7.9%
Amortization of intangibles	2	2	2	3	10	10	10	23
EBIT [+]	1,664	2,214	-965	1,138	1,581	1,410	1,589	2,115
EBIT growth	-24.8%	-329.4%	-184.8%	-28.0%	12.1%	-11.3%	-24.9%	-26.9%
EBIT margin	6.8%	9.1%	-5.6%	4.6%	6.3%	5.7%	6.0%	7.8%
Non-recurring items [+]	-66	-136	3,510	168	-157	-454	218	76
Asset impairment	41	30	3,579	354	136	186	479
Restructuring charges	21	21	75	34	8	9	46	288
Loss (gain) on sale of assets	-89	-91	-60	-162	-389	-544	-209	-212
Legal settlement					88
Pension curtailments and settlements	-39	-96	-84	-58		-105	-98
Interest expense, net [+]	162	255	280	185	236	310	363	361
Interest expense	175	256	284	205	261	321	367	363
Interest income	13	1	4	20	25	11	4	2
Other income (expense), net [+]	-50	-229	-35	-57	-82	-38	-43
Gain (loss) on debt retirement	-31	-199		-30	-33	10
Pre-tax income	1,518	1,866	-4,790	728	1,420	1,516	965	1,678
Income taxes	341	436	-846	164	322	-39	346	608
Tax rate	22.5%	23.4%	17.7%	22.5%	22.7%		35.9%	36.2%
Minority interest					-10	-11	-8	-2
Net income	1,177	1,430	-3,944	564	1,108	1,566	627	1,072
Net margin	4.8%	5.8%	-22.7%	2.3%	4.4%	6.3%	2.4%	4.0%

Basic EPS [+]	$4.28	$4.66	($12.68)	$1.82	$3.60	$5.13	$2.03	$3.26
Growth	-8.1%	-136.8%	-796.1%	-49.4%	-29.8%	152.3%	-37.7%	-24.0%
Diluted EPS [+]	$4.19	$4.55	($12.68)	$1.81	$3.56	$5.10	$2.02	$3.22
Growth	-8.1%	-135.9%	-800.0%	-49.1%	-30.3%	153.0%	-37.3%	-23.7%

Dividends per share [+]	$0.63	$0.29	$0.38	$1.50	$1.50	$1.51	$1.49	$1.39
Growth	114.7%	-22.0%	-75.0%	0.0%	-0.3%	1.5%	7.2%	17.2%

Shares outstanding (basic) [+]	275	307	311	310	308	305	309	328
Growth	-10.5%	-1.4%	0.5%	0.6%	0.8%	-1.0%	-6.1%	-7.5%
Shares outstanding (diluted) [+]	281	314	311	311	311	307	311	333
Growth	-10.5%	0.9%	-0.1%	0.0%	1.5%	-1.3%	-6.7%	-7.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.