MACY’S REPORTS INCREASES
IN SALES AND EARNINGS
CINCINNATI – Macy's, Inc. has reported continued sales and earnings growth in the fourth quarter and full year 2013, ended Feb. 1, 2014. For the full year 2013, earnings were $3.86 per diluted share, or $4.00 excluding items described below. This represents an increase of 19%, or 16% excluding items described below, over fiscal 2012. The $4.00 per share exceeds management's initial guidance provided at the beginning of the year for earnings per share, excluding items described below, to be in the range of $3.90 to $3.95 per share in fiscal 2013. For the 52 weeks of 2013, Macy's, Inc. sales totaled $27.931 billion, up 0.9% from total sales of $27.686 billion in the 53 weeks of fiscal 2012. On a comparable sales basis, Macy's, Inc.'s 2013 sales were up 1.9% in 2013 over 2012. Together with sales from departments licensed to third parties, 2013 sales on a comparable basis were up 2.8%.