![]() Approximately 700,000 active customers shopped the Bluemercury brand, on a trailing twelve-month basis, a 9% increase over the prior year.Bluemercury comparable sales were up 7.6% on an owned and owned-plus-licensed basis.Results were driven by strength across women’s, men’s and kid’s contemporary and dressy apparel as well as luggage.4.0 million active customers shopped the Bloomingdale’s brand, on a trailing twelve-month basis, a 14% increase over the prior year.Bloomingdale’s comparable sales on an owned basis were up 8.8% and on an owned-plus-licensed basis were up 5.8%.The company continued to see strength in occasion-based categories, including career and tailored sportswear, fragrances, shoes, dresses and luggage.Star Rewards program members made up approximately 70% of the total Macy's brand owned-plus-licensed sales on a trailing twelve-month basis, up approximately 5 percentage points versus the prior year.43.9 million active customers shopped the Macy’s brand, on a trailing twelve-month basis, a 7% increase compared to the prior year.Macy’s comparable sales were down 2.9% on an owned basis and down 2.8%, on an owned-plus-licensed basis.Highlights of the company's nameplates include:.Digital penetration was 30% of net sales, a 2-percentage point decline from the second quarter of 2021, but 8-percentage points higher than the second quarter of 2019.Digital sales decreased 5% year-over-year while increasing 37% versus the second quarter of 2019.Comparable sales down 1.5% on an owned basis and down 1.6% on an owned-plus-licensed basis up 4.3% and 4.4%, respectively, versus the second quarter of 2019.This compares to diluted earnings per share and Adjusted diluted earnings per share of $0.28 in the second quarter of 2019.This compares to diluted earnings per share of $1.08 and Adjusted diluted earnings per share of $1.29 in the second quarter of 2021.Diluted earnings per share of $0.99 and Adjusted diluted earnings per share of $1.00.Comparisons to 2019 are provided, where appropriate, to benchmark performance given the impact of the pandemic. We expect to come out of this uncertain period in a strong position with a healthy balance sheet, new capabilities and a talented team ready to capture renewed demand,” Gennette continued.Ĭomparisons are to second quarter 2021 unless noted otherwise. “Over the past two years, our Polaris strategy has made us faster and more agile, which has been essential to navigate rapidly changing consumer trends and macro conditions. Additionally, Bloomingdale's and Bluemercury captured demand for luxury brands, resulting in both nameplates outperforming in the quarter." Despite inflationary pressures, consumers continued to shop Macy's as a style source and leading gifting destination. We believe that we are well positioned to respond to changing consumer behaviors. “Our teams have consistently responded to the dynamic landscape with disciplined, data-driven actions to ensure the health and stability of our business. “During the second quarter, we delivered solid results, despite the challenging environment,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. (NYSE: M) today reported financial results for the second quarter of 2022 and updated its annual guidance. Lowers full-year sales and EPS guidance to incorporate risks related to increased macroeconomic pressures Quarterly net sales and earnings exceeded expectationsĬomparable sales down 1.5% on an owned basis and down 1.6% on an owned-plus-licensed basisĭiluted EPS of $0.99 and Adjusted diluted EPS of $1.00
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