Macy’s has reported Q1 2020 results for the 13 weeks period ended May 2, 2020.
- Sales for the 13-week period stood at USD3.0 billion, down by 45% compared to USD5.50 billion in Q1 2019.
- Operating loss for the period was USD4,119 million as compared to operating income of USD203 million in Q1 2019.
- Net loss for the period was USD3,581 million as compared to net income of USD163 million in Q1 2019.
Source: Macy’s Press release