Macy's Inc (M) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Macy's Inc. 4th Quarter 2024 Earnings Conference Call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this call is being recorded. I would now like to turn the conference over to Pamela Quintiliano, Vice President of Investor Relations. Thank you. Please go ahead. Thank you, Operator. Good morning, everyone, and thanks for joining us. With me on the call today are Tony Spring, our Chairman and CEO, and Adrian Mitchell, our COO and CFO. Along with our fourth quarter 2024 press release, a Form 8K has been filed with the SEC, and the presentation has been posted on the investor section of our website, Macy'sInc.com, and is being displayed live during today's webcast. Unless otherwise noted, the comparisons we provide will be versus 2023. All references to our prior expectations, outlook, or guidance refer to the information provided on our December 11th earnings call or our January 13th sales and earnings press release, unless otherwise noted. On today's call, we will refer to certain non-GAAP financial measures. Reconciliations of these measures can be found in our earnings presentation and SEC filings available at www.macyzinc.com slash investors. All references to comp sales throughout today's prepared remarks represent comparable owned plus license plus marketplace sales and owned plus license sales for our store locations, unless otherwise noted. And Go Forward Macy's Inc. comp sales include the approximately 350 Macy's Go Forward locations in digital and Bloomingdale's and Blue Mercury nameplates inclusive of stores in digital. G...