Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 5.1B | 1.9% |
| Gross Profit | 186M | 50% |
| Cost of Revenue | 4.91B | 0.7% |
| Operating expense | 1.94B | 0.4% |
| Net Income | 150M | 141.9% |
| EBITDA | 402M | 10.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 15.8B | 3.7% |
| Total Liabilities | 11.5B | 6% |
| Total Equity | 4.3B | 2.8% |
| Shares Outstanding | 278M | 0.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 8M | 93.8% |
| Cash from investing | -156M | 28.1% |
| Cash from financing | -82M | 17.1% |
EPS
Financial Highlights for Macy's in Q3 '24
Macy's reported a revenue of 5.1B, which is a 1.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 186M, marking a 50% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.91B, a 0.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.94B, showing a 0.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 150M, showing a 141.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 402M, showing a 10.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Macy's with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
