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Reports Second Quarter) Tj ET Q q 0 0 0 rg BT 367.73 695.40 Td ( 2019 Earnings ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.00 667.80 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 94.00 667.80 Td (Comparable sales gr) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 185.87 667.80 Td (owth of ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 221.32 667.80 Td (0.2%) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 244.23 667.80 Td ( on an owned basis; ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 334.98 667.80 Td (0.3%) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 357.90 667.80 Td ( on an owned plus licensed basis) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.00 654.60 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 94.00 654.60 Td (Diluted EPS and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 170.48 654.60 Td (Adjusted Diluted EPS of ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 280.47 654.60 Td ($0.28) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 305.22 654.60 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.00 641.40 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 94.00 641.40 Td (Strategic initiatives on track to continue delivering sales gr) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 355.10 641.40 Td (owth in the back half of the year) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.00 628.20 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 94.00 628.20 Td (Fall inventory in line with anticipated customer demand) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.00 615.00 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 94.00 615.00 Td (Company r) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 142.79 615.00 Td (eaffirmed annual sales guidance and lower) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 332.72 615.00 Td (ed EPS guidance ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.00 588.65 Td (CINCINNA) Tj ET Q q 0 0 0 rg BT 110.56 588.65 Td (TI--August ) Tj ET Q q 0 0 0 rg BT 163.44 588.65 Td (14, ) Tj ET Q q 0 0 0 rg BT 180.59 588.65 Td (2019-- ) Tj ET Q q 0 0 0 rg BT 213.31 588.65 Td (Macy) Tj ET Q q 0 0 0 rg BT 241.42 588.65 Td (s, ) Tj ET Q q 0 0 0 rg BT 251.84 588.65 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 272.04 588.65 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 310.88 588.65 Td (M\) ) Tj ET Q q 0 0 0 rg BT 327.72 588.65 Td (today ) Tj ET Q q 0 0 0 rg BT 355.56 588.65 Td (reported ) Tj ET Q q 0 0 0 rg BT 395.60 588.65 Td (results ) Tj ET Q q 0 0 0 rg BT 427.72 588.65 Td (for ) Tj ET Q q 0 0 0 rg BT 443.94 588.65 Td (the ) Tj ET Q q 0 0 0 rg BT 460.78 588.65 Td (second ) Tj ET Q q 0 0 0 rg BT 494.72 588.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 529.26 588.65 Td (2019. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 575.45 Td (The ) Tj ET Q q 0 0 0 rg BT 77.85 575.45 Td (company ) Tj ET Q q 0 0 0 rg BT 120.92 575.45 Td (reaf) Tj ET Q q 0 0 0 rg BT 137.81 575.45 Td (firmed ) Tj ET Q q 0 0 0 rg BT 169.89 575.45 Td (its ) Tj ET Q q 0 0 0 rg BT 183.03 575.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 215.10 575.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 239.23 575.45 Td (guidance ) Tj ET Q q 0 0 0 rg BT 281.68 575.45 Td (and ) Tj ET Q q 0 0 0 rg BT 300.32 575.45 Td (lowered ) Tj ET Q q 0 0 0 rg BT 338.49 575.45 Td (its ) Tj ET Q q 0 0 0 rg BT 351.64 575.45 Td (EPS ) Tj ET Q q 0 0 0 rg BT 373.34 575.45 Td (guidance ) Tj ET Q q 0 0 0 rg BT 415.80 575.45 Td (for ) Tj ET Q q 0 0 0 rg BT 431.37 575.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 457.94 575.45 Td (2019.) 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383.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 466.55 m 383.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 466.55 m 440.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 466.55 m 440.5 466.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 451.55 m 440.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 466.55 m 440.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 466.55 m 497.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 466.55 m 497.5 466.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 451.55 m 497.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 466.55 m 497.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 466.55 m 554.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 466.55 m 554.5 466.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 451.55 m 554.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 451.55 m 58.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 451.55 m 326.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 451.55 m 326.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 437.55 m 326.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 451.55 m 326.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 451.55 m 383.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 437.55 m 383.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 451.55 m 383.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 451.55 m 440.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 451.55 m 440.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 437.55 m 440.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 451.55 m 440.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 451.55 m 497.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 437.55 m 497.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 451.55 m 497.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 451.55 m 554.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 451.55 m 554.5 451.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 437.55 m 554.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 437.55 m 58.5 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 437.55 m 326.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 423.55 m 326.5 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 437.55 m 383.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 437.55 m 440.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 437.55 m 497.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 437.55 m 554.5 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 437.55 m 554.5 437.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 423.55 m 58.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 423.55 m 326.5 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 423.55 m 326.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 423.55 m 383.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 423.55 m 383.5 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 409.55 m 383.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 423.55 m 440.5 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 409.55 m 440.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 423.55 m 440.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 423.55 m 497.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 423.55 m 497.5 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 409.55 m 497.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 423.55 m 554.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 423.55 m 554.5 423.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 409.55 m 554.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 409.55 m 58.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 409.55 m 326.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 409.55 m 326.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 409.55 m 383.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 409.55 m 383.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 395.55 m 383.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 409.55 m 440.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 395.55 m 440.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 409.55 m 440.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 409.55 m 497.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 409.55 m 497.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 395.55 m 497.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 409.55 m 554.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 409.55 m 554.5 409.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 395.55 m 554.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 395.55 m 58.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 395.55 m 326.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 395.55 m 326.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 395.55 m 383.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 395.55 m 383.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 380.55 m 383.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 395.55 m 440.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 380.55 m 440.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 395.55 m 440.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 395.55 m 497.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 395.55 m 497.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 380.55 m 497.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 395.55 m 554.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 395.55 m 554.5 395.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 380.55 m 554.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 380.55 m 58.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 380.55 m 326.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 366.55 m 326.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 380.55 m 383.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 366.55 m 383.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 380.55 m 440.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 366.55 m 440.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 380.55 m 497.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 366.55 m 497.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 380.55 m 554.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 380.55 m 554.5 380.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 366.55 m 554.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 366.55 m 58.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 366.55 m 326.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 366.55 m 326.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 366.55 m 383.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 366.55 m 383.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 352.55 m 383.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 366.55 m 440.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 352.55 m 440.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 366.55 m 440.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 366.55 m 497.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 366.55 m 497.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 352.55 m 497.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 366.55 m 554.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 366.55 m 554.5 366.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 352.55 m 554.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 352.55 m 58.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 352.55 m 326.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 352.55 m 326.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 352.55 m 383.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 352.55 m 383.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 328.55 m 383.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 352.55 m 440.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 328.55 m 440.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 352.55 m 440.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 352.55 m 497.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 352.55 m 497.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 328.55 m 497.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 352.55 m 554.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 352.55 m 554.5 352.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 328.55 m 554.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 328.55 m 58.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 328.55 m 326.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 313.55 m 326.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 328.55 m 326.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 328.55 m 383.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 328.55 m 383.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 313.55 m 383.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 328.55 m 440.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 313.55 m 440.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 328.55 m 440.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 328.55 m 497.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 328.55 m 497.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 313.55 m 497.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 328.55 m 554.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 328.55 m 554.5 328.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 313.55 m 554.5 313.55 l s BT /F2 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 347.35 528.94 Td (Second Quarter) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 474.95 528.94 Td (First Half) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 61.00 514.76 Td (\(in millions\)) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 344.00 514.94 Td (2019) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 401.00 514.94 Td (2018) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 458.00 514.94 Td (2019) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 515.00 514.94 Td (2018) Tj ET Q BT /F2 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 500.34 Td (Net sales) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 329.00 500.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 350.60 500.32 Td (5,546) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 386.00 500.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 407.60 500.32 Td (5,572) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 443.00 500.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 459.35 500.32 Td (1) Tj ET Q q 0 0 0 rg BT 464.60 500.32 Td (1,050) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 500.00 500.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 516.35 500.32 Td (1) Tj ET Q q 0 0 0 rg BT 521.60 500.32 Td (1,1) Tj ET Q q 0 0 0 rg BT 534.73 500.32 Td (12) Tj ET Q BT /F2 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 485.94 Td (Comparable sales) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 471.32 Td (Owned) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 361.10 471.32 Td (0.2) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 374.25 471.32 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 418.10 471.32 Td (0.0) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 431.25 471.32 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 475.10 471.32 Td (0.4) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 488.25 471.32 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 532.10 471.32 Td (1.9) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 545.25 471.32 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 456.32 Td (Owned plus licensed) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 361.10 456.32 Td (0.3) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 374.25 456.32 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 418.10 456.32 Td (0.5) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 431.25 456.32 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 475.10 456.32 Td (0.5) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 488.25 456.32 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 532.10 456.32 Td (2.3) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 545.25 456.32 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 441.77 Td (53) Tj ET Q BT /F1 10.50 Tf ET BT /F1 6.82 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 71.50 446.53 Td (rd) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 77.18 441.77 Td ( week shifted calendar \(owned plus licensed\)*) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 418.10 441.77 Td (2.3) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 431.25 441.77 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 532.10 441.77 Td (1.8) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 545.25 441.77 Td (%) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 413.77 Td (Net income attributable to Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 200.67 413.77 Td (s, Inc. shareholders) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 329.00 413.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 363.75 413.77 Td (86) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 386.00 413.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 415.50 413.77 Td (166) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 443.00 413.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 472.50 413.77 Td (223) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 500.00 413.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 529.50 413.77 Td (306) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 399.77 Td (Earnings before interest, taxes, depreciation and amortization) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 329.00 399.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 358.50 399.77 Td (400) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 386.00 399.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 415.50 399.77 Td (501) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 443.00 399.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 472.50 399.77 Td (846) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 500.00 399.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 529.50 399.77 Td (993) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 385.32 Td (Diluted earnings per share) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 329.00 385.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 355.85 385.32 Td (0.28) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 386.00 385.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 412.85 385.32 Td (0.53) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 443.00 385.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 469.85 385.32 Td (0.71) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 500.00 385.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 526.85 385.32 Td (0.98) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 356.77 Td (Adjusted Net income attributable to Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 241.21 356.77 Td (s, Inc. shareholders) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 329.00 356.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 363.75 356.77 Td (88) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 386.00 356.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 415.50 356.77 Td (219) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 443.00 356.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 472.50 356.77 Td (225) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 500.00 356.77 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 529.50 356.77 Td (369) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 342.77 Td (Adjusted Earnings before interest, taxes, depreciation and) Tj ET Q BT /F1 10.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 332.27 Td (amortization) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 329.00 333.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 358.50 333.32 Td (402) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 386.00 333.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 415.50 333.32 Td (566) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 443.00 333.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 472.50 333.32 Td (849) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 500.00 333.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 521.60 333.32 Td (1,071) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 318.32 Td (Adjusted Diluted earnings per share) Tj ET Q BT /F1 10.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 329.00 318.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 355.85 318.32 Td (0.28) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 386.00 318.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 412.85 318.32 Td (0.70) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 443.00 318.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 469.85 318.32 Td (0.72) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 500.00 318.32 Td ($) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 526.85 318.32 Td (1.19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 305.05 Td (*Comparable sales adjusted for the impact of the 53) Tj ET Q BT /F1 7.50 Tf ET BT /F1 4.87 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 214.21 308.45 Td (rd) Tj ET Q BT /F1 7.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 218.27 305.05 Td ( week reflect a shift of the company's 2017 calendar to align with 2018 on a like-for) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 469.81 305.05 Td (-like basis.) Tj ET Q BT /F1 7.50 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 296.05 Td (Note: ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 76.13 296.05 Td (Adjusted metrics reflect the exclusion of certain items from the respective financial measures.) Tj ET Q BT /F1 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 357.90 296.05 Td ( Please see the final pages of this news release for important ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 58.00 287.05 Td (information regarding the nature of such excluded amounts and calculation of the company) Tj ET Q q 0 0 0 rg BT 333.75 287.05 Td (s non-GAAP) Tj ET Q q 0 0 0 rg BT 372.44 287.05 Td ( financial measures.) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 260.60 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 90.98 260.60 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 100.88 260.60 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 120.53 260.60 Td (delivered ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 164.32 260.60 Td (another ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 200.16 260.60 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 234.17 260.60 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 246.19 260.60 Td (comparable ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 300.36 260.60 Td (sales ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 324.60 260.60 Td (growth. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 361.17 260.60 Td (That ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 384.19 260.60 Td (said, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 407.52 260.60 Td (we ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 423.21 260.60 Td (had ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 441.95 260.60 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 449.70 260.60 Td (slow ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 473.34 260.60 Td (start ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 495.14 260.60 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 506.56 260.60 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 522.86 260.60 Td (quarter ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 247.45 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 75.77 247.45 Td (finished ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 113.09 247.45 Td (below ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 141.86 247.45 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 158.41 247.45 Td (expectations. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 218.03 247.45 Td (Rising ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 248.65 247.45 Td (inventory ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 292.69 247.45 Td (levels ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 320.23 247.45 Td (became ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 355.71 247.45 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 362.48 247.45 Td (challenge ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 406.50 247.45 Td (based ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 433.44 247.45 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 446.32 247.45 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 453.09 247.45 Td (combination ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 509.97 247.45 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 521.02 247.45 Td (factors: ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 234.20 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 65.52 234.20 Td (fashion ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 100.54 234.20 Td (miss ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 123.35 234.20 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 134.54 234.20 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 151.84 234.20 Td (key ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 170.36 234.20 Td (women) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 205.80 234.20 Td (s ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 212.72 234.20 Td (sportswear ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 263.01 234.20 Td (private ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 296.19 234.20 Td (brands, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 330.90 234.20 Td (slow ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 354.32 234.20 Td (sell-through ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 410.11 234.20 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 421.91 234.20 Td (warm ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 449.60 234.20 Td (weather ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 487.04 234.20 Td (apparel ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 522.05 234.20 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 540.57 234.20 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 221.00 Td (accelerated ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 111.21 221.00 Td (decline ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 146.73 221.00 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 159.05 221.00 Td (international ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 218.40 221.00 Td (tourism. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 258.25 221.00 Td (W) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 267.76 221.00 Td (e ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 276.40 221.00 Td (took ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 299.72 221.00 Td (markdowns ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 354.80 221.00 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 367.12 221.00 Td (clear ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 392.25 221.00 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 409.45 221.00 Td (excess ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 441.92 221.00 Td (Spring ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 475.02 221.00 Td (inventory ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 520.94 221.00 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 540.58 221.00 Td (are ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 207.80 Td (entering ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 96.02 207.80 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 111.43 207.80 Td (Fall ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 130.52 207.80 Td (season ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 161.82 207.80 Td (with ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 183.35 207.80 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 198.76 207.80 Td (right ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 221.51 207.80 Td (inventory ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 265.65 207.80 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 276.18 207.80 Td (meet ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 299.53 207.80 Td (anticipated ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 349.76 207.80 Td (customer ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 392.05 207.80 Td (demand, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 436.48 207.80 Td (said ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 456.18 207.80 Td (Jef) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 468.80 207.80 Td (f ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 474.44 207.80 Td (Gennette, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 518.87 207.80 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 546.97 207.80 Td (s, ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 194.60 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 77.77 194.60 Td (chairman ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 121.66 194.60 Td (& ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 133.19 194.60 Td (chief ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 158.14 194.60 Td (executive ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 203.26 194.60 Td (of) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 212.22 194.60 Td (ficer) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 231.76 194.60 Td (. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 237.48 194.60 Td (While ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 272.21 194.60 Td (we ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 288.01 194.60 Td (had ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 306.87 194.60 Td (seasonal ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 347.10 194.60 Td (inventory ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 392.23 194.60 Td (challenges ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 441.63 194.60 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 453.15 194.60 Td (Spring, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 488.21 194.60 Td (there ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 513.17 194.60 Td (are ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 529.57 194.60 Td (many ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 181.40 Td (areas ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 83.71 181.40 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 96.00 181.40 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 112.55 181.40 Td (business ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 152.96 181.40 Td (that ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 172.57 181.40 Td (are ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 189.12 181.40 Td (performing ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 241.72 181.40 Td (well, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 266.53 181.40 Td (notably ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 302.65 181.40 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 320.43 181.40 Td (Destination ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 374.27 181.40 Td (Businesses. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 428.19 181.40 Td (W) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 437.69 181.40 Td (e ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 445.70 181.40 Td (continue ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 486.69 181.40 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 498.37 181.40 Td (see ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 515.54 181.40 Td (healthier ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 168.20 Td (sales ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 83.26 168.20 Td (within ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 115.26 168.20 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 133.80 168.20 Td (brick ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 160.29 168.20 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 180.05 168.20 Td (mortar ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 213.25 168.20 Td (business, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 257.17 168.20 Td (led ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 274.49 168.20 Td (by ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 289.37 168.20 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 307.91 168.20 Td (Growth50 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 356.40 168.20 Td (stores ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 385.95 168.20 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 405.71 168.20 Td (Backstage ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 454.80 168.20 Td (expansion.Our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 525.89 168.20 Td (digital ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 155.00 Td (business ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 98.18 155.00 Td (posted ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 129.79 155.00 Td (its ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 143.08 155.00 Td (fortieth ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 178.35 155.00 Td (consecutive ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 233.17 155.00 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 267.21 155.00 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 279.27 155.00 Td (double-digit ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 335.93 155.00 Td (growth, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 372.74 155.00 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 391.52 155.00 Td (mobile ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 424.96 155.00 Td (remained ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 468.78 155.00 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 486.34 155.00 Td (fastest ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 517.34 155.00 Td (growing ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 141.80 Td (channel.) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 128.60 Td () Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 115.40 Td (Our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 82.73 115.40 Td (2019 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 107.47 115.40 Td (strategic ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.47 115.40 Td (initiatives ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 193.59 115.40 Td (are ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 209.75 115.40 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 223.49 115.40 Td (track ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 248.22 115.40 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 259.51 115.40 Td (contribute ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 306.85 115.40 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 318.14 115.40 Td (sales ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 342.27 115.40 Td (growth ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 376.17 115.40 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 387.46 115.40 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 403.64 115.40 Td (back ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 427.14 115.40 Td (half ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 446.99 115.40 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 458.89 115.40 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 475.07 115.40 Td (year) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 493.55 115.40 Td (, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 499.04 115.40 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 517.66 115.40 Td (we ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 533.23 115.40 Td (have ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 102.20 Td (plans ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 83.85 102.20 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 95.04 102.20 Td (drive ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 120.28 102.20 Td (productivity ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 176.69 102.20 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 195.20 102.20 Td (improve ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 234.50 102.20 Td (gross ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 260.35 102.20 Td (mar) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 277.26 102.20 Td (gins, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 305.86 102.20 Td (Gennette ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 348.20 102.20 Td (added.Our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 404.59 102.20 Td (team ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 428.60 102.20 Td (has ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 445.90 102.20 Td (responded ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 493.74 102.20 Td (quickly ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 529.37 102.20 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 540.56 102.20 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 89.00 Td (external ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 96.32 89.00 Td (environment, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 157.57 89.00 Td (course ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 189.18 89.00 Td (corrected ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 233.00 89.00 Td (when ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 259.72 89.00 Td (needed ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 293.77 89.00 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 312.56 89.00 Td (we ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 328.29 89.00 Td (remain ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 361.73 89.00 Td (confident.Our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 428.78 89.00 Td (130,000 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 467.43 89.00 Td (colleagues ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 516.75 89.00 Td (compete ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 75.80 Td (every ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.18 75.80 Td (day ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 103.81 75.80 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 115.12 75.80 Td (win ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 134.37 75.80 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 151.78 75.80 Td (customers) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 199.23 75.80 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 201.98 75.80 Td (business.) Tj ET Q /GS0 gs q 383.90 0 0 31.00 114.00 26.60 cm /I2 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 772.60 Td (2) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 728.90 Td (Asset ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.80 728.90 Td (Sale ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 108.11 728.90 Td (Gains) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 703.70 Td (Asset ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.70 703.70 Td (sale ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 106.06 703.70 Td (gains ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 132.53 703.70 Td (for ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 148.62 703.70 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 165.31 703.70 Td (second ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 199.11 703.70 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 233.52 703.70 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 245.94 703.70 Td (2019 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 271.19 703.70 Td (totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 304.38 703.70 Td ($7 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 318.64 703.70 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 350.42 703.70 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 353.67 703.70 Td (pre-tax, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 390.83 703.70 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 403.25 703.70 Td ($5 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 417.50 703.70 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 449.28 703.70 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 452.54 703.70 Td (after) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 472.47 703.70 Td (-tax ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 492.83 703.70 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 511.96 703.70 Td ($0.01) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 536.71 703.70 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 539.97 703.70 Td (per ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 690.50 Td (diluted ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 91.62 690.50 Td (share ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 117.89 690.50 Td (attributable ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 171.05 690.50 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 182.67 690.50 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 210.77 690.50 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 220.87 690.50 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 240.73 690.50 Td (shareholders. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 301.91 690.50 Td (This ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 324.53 690.50 Td (compares ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 369.75 690.50 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 381.37 690.50 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 397.87 690.50 Td (second ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 431.48 690.50 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 465.69 690.50 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 477.92 690.50 Td (2018, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 505.74 690.50 Td (when ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 532.63 690.50 Td (asset ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 677.30 Td (sale ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 77.88 677.30 Td (gains ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 103.89 677.30 Td (totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 136.60 677.30 Td ($46 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 155.88 677.30 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 187.66 677.30 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 190.45 677.30 Td (pre-tax, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 227.13 677.30 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 239.07 677.30 Td ($34 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 258.35 677.30 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 290.13 677.30 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 292.92 677.30 Td (after) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 312.84 677.30 Td (-tax ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 332.73 677.30 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 351.39 677.30 Td ($0.1) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 370.23 677.30 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 375.73 677.30 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 378.51 677.30 Td (per ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 395.34 677.30 Td (diluted ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 428.68 677.30 Td (share ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 454.67 677.30 Td (attributable ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 507.54 677.30 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 518.88 677.30 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 546.98 677.30 Td (s, ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 664.10 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 77.55 664.10 Td (shareholders. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 138.64 664.10 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 637.70 Td (Asset ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 84.82 637.70 Td (sale ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 104.30 637.70 Td (gains ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 129.90 637.70 Td (for ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 145.11 637.70 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 160.93 637.70 Td (first ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 181.02 637.70 Td (half ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 200.51 637.70 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 212.05 637.70 Td (2019 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 236.43 637.70 Td (totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 268.74 637.70 Td ($49 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 287.62 637.70 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 319.40 637.70 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 321.78 637.70 Td (pre-tax, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 358.06 637.70 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 369.60 637.70 Td ($36 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 388.48 637.70 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 420.26 637.70 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 422.64 637.70 Td (after) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 442.56 637.70 Td (-tax ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 462.05 637.70 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 480.31 637.70 Td ($0.1) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 499.15 637.70 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 504.65 637.70 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 507.03 637.70 Td (per ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 523.45 637.70 Td (diluted ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 624.50 Td (share ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 83.22 624.50 Td (attributable ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 135.31 624.50 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 145.88 624.50 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 173.98 624.50 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 183.02 624.50 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 201.82 624.50 Td (shareholders. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 262.02 624.50 Td (This ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 283.59 624.50 Td (compares ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 327.74 624.50 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 338.30 624.50 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 353.75 624.50 Td (first ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 373.48 624.50 Td (half ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 392.59 624.50 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 403.76 624.50 Td (2018, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 430.51 624.50 Td (when ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 456.35 624.50 Td (asset ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 479.74 624.50 Td (sale ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 498.85 624.50 Td (gains ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 524.07 624.50 Td (totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 611.30 Td ($70 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 77.13 611.30 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 108.91 611.30 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 111.53 611.30 Td (pre-tax, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 148.05 611.30 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 159.84 611.30 Td ($53 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 178.97 611.30 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 210.75 611.30 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 213.37 611.30 Td (after) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 233.30 611.30 Td (-tax ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 253.02 611.30 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 271.53 611.30 Td ($0.17) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 296.28 611.30 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 298.91 611.30 Td (per ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 315.58 611.30 Td (diluted ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 348.75 611.30 Td (share ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 374.59 611.30 Td (attributable ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 427.30 611.30 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 438.48 611.30 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 466.59 611.30 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 476.24 611.30 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 495.66 611.30 Td (shareholders. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 556.75 611.30 Td ( ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 58.00 584.90 Td (Updated ) Tj ET Q q 0 0 0 rg BT 101.09 584.90 Td (Guidance) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 558.50 Td (Macy's, ) Tj ET Q q 0 0 0 rg BT 94.82 558.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 114.39 558.50 Td (is ) Tj ET Q q 0 0 0 rg BT 124.49 558.50 Td (reaf) Tj ET Q q 0 0 0 rg BT 141.38 558.50 Td (firming ) Tj ET Q q 0 0 0 rg BT 177.14 558.50 Td (its ) Tj ET Q q 0 0 0 rg BT 190.30 558.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 239.51 558.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.37 558.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 313.46 558.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 337.61 558.50 Td (guidance ) Tj ET Q q 0 0 0 rg BT 380.08 558.50 Td (for ) Tj ET Q q 0 0 0 rg BT 395.67 558.50 Td (2019. ) Tj ET Q q 0 0 0 rg BT 423.19 558.50 Td (Based ) Tj ET Q q 0 0 0 rg BT 452.83 558.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 496.53 558.50 Td (on ) Tj ET Q q 0 0 0 rg BT 510.30 558.50 Td (its ) Tj ET Q q 0 0 0 rg BT 523.46 558.50 Td (second ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 545.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 91.34 545.30 Td (of ) Tj ET Q q 0 0 0 rg BT 102.69 545.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 126.88 545.30 Td (performance, ) Tj ET Q q 0 0 0 rg BT 187.39 545.30 Td (the ) Tj ET Q q 0 0 0 rg BT 203.02 545.30 Td (company ) Tj ET Q q 0 0 0 rg BT 245.53 545.30 Td (is ) Tj ET Q q 0 0 0 rg BT 255.05 545.30 Td (lowering ) Tj ET Q q 0 0 0 rg BT 296.34 545.30 Td (its ) Tj ET Q q 0 0 0 rg BT 308.93 545.30 Td (guidance ) Tj ET Q q 0 0 0 rg BT 350.82 545.30 Td (for ) Tj ET Q q 0 0 0 rg BT 365.83 545.30 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 401.02 545.30 Td (EPS, ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 424.91 545.30 Td (excluding ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 470.48 545.30 Td (settlement ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 517.87 545.30 Td (char) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 536.60 545.30 Td (ges, ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 532.10 Td (impairment ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 111.46 532.10 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 130.09 532.10 Td (other ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 155.44 532.10 Td (costs, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 182.94 532.10 Td (by ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 196.69 532.10 Td (20 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 210.44 532.10 Td (cents.) Tj ET Q 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 207.00 514.60 173.00 -14.00 re f /GS0 gs 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 380.00 514.60 173.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 514.6 m 58 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 514.6 m 207 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 514.6 m 207 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 500.6 m 207 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 514.6 m 207 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 514.6 m 380 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 514.6 m 380 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 514.6 m 380 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 514.6 m 553 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 514.6 m 553 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 500.6 m 58 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 500.6 m 207 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 475.6 m 207 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 500.6 m 207 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 500.6 m 380 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 207 500.6 m 380 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 475.6 m 380 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 500.6 m 380 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 500.6 m 553 475.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 380 500.6 m 553 500.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 475.6 m 553 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 475.6 m 58 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 475.6 m 207 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 475.6 m 207 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 446.6 m 207 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 475.6 m 207 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 475.6 m 380 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 475.6 m 380 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 446.6 m 380 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 475.6 m 380 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 475.6 m 553 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 475.6 m 553 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 446.6 m 553 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 446.6 m 58 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 446.6 m 207 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 446.6 m 207 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 429.6 m 207 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 446.6 m 207 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 446.6 m 380 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 446.6 m 380 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 429.6 m 380 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 446.6 m 380 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 446.6 m 553 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 446.6 m 553 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 429.6 m 553 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 429.6 m 58 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 429.6 m 207 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 399.6 m 207 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 429.6 m 207 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 429.6 m 380 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 429.6 m 380 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 399.6 m 380 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 429.6 m 380 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 429.6 m 553 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 429.6 m 553 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 399.6 m 553 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 399.6 m 58 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 399.6 m 207 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 375.6 m 207 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 399.6 m 207 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 399.6 m 380 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 399.6 m 380 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 375.6 m 380 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 399.6 m 380 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 399.6 m 553 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 399.6 m 553 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 375.6 m 553 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 375.6 m 58 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 375.6 m 207 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58 357.6 m 207 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 375.6 m 207 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 375.6 m 380 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 375.6 m 380 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 357.6 m 380 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 375.6 m 380 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 553 375.6 m 553 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 375.6 m 553 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 357.6 m 553 357.6 l s BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 219.80 504.65 Td (Revised 2019 ) Tj ET Q q 0 0 0 rg BT 283.36 504.65 Td (Annual Guidance) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 391.25 504.65 Td (Original 2019 ) Tj ET Q q 0 0 0 rg BT 457.87 504.65 Td (Annual Guidance) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 490.47 Td (Comparable sales ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 479.47 Td (\(owned plus licensed\)) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 316.90 480.52 Td (Flat to up 1%) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 489.90 480.52 Td (Flat to up 1%) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 462.52 Td (Comparable sales ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 451.52 Td (\(owned\)) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 316.90 451.52 Td (Flat to up 1%) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 489.90 451.52 Td (Flat to up 1%) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 434.52 Td (Net sales) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 292.45 434.52 Td (Approximately flat) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 465.45 434.52 Td (Approximately flat) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 415.52 Td (Adjusted Diluted earnings per) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 404.52 Td (share) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 312.90 404.52 Td ($2.85 to $3.05) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 485.90 404.52 Td ($3.05 to $3.25) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 380.52 Td (Asset sale gains) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 235.00 389.47 Td (Approximately $100 million \(or) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 305.30 378.52 Td ($0.25 per share\)) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 408.00 389.47 Td (Approximately $100 million \(or) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 478.30 378.52 Td ($0.25 per share\)) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 60.50 362.52 Td (Annual tax rate) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 356.30 362.52 Td (23%) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 529.30 362.52 Td (23%) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 331.70 Td (Macy) Tj ET Q q 0 0 0 rg BT 86.10 331.70 Td (s, ) Tj ET Q q 0 0 0 rg BT 95.80 331.70 Td (Inc.) Tj ET Q q 0 0 0 rg BT 115.65 331.70 Td (s ) Tj ET Q q 0 0 0 rg BT 122.60 331.70 Td (revised ) Tj ET Q q 0 0 0 rg BT 156.44 331.70 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 198.82 331.70 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 234.48 331.70 Td (EPS ) Tj ET Q q 0 0 0 rg BT 256.10 331.70 Td (guidance ) Tj ET Q q 0 0 0 rg BT 298.47 331.70 Td (does ) Tj ET Q q 0 0 0 rg BT 321.30 331.70 Td (not ) Tj ET Q q 0 0 0 rg BT 338.02 331.70 Td (reflect ) Tj ET Q q 0 0 0 rg BT 368.77 331.70 Td (the ) Tj ET Q q 0 0 0 rg BT 384.88 331.70 Td (fourth ) Tj ET Q q 0 0 0 rg BT 414.42 331.70 Td (tranche ) Tj ET Q q 0 0 0 rg BT 449.46 331.70 Td (of ) Tj ET Q q 0 0 0 rg BT 461.28 331.70 Td (tarif) Tj ET Q q 0 0 0 rg BT 479.41 331.70 Td (fs ) Tj ET Q q 0 0 0 rg BT 490.02 331.70 Td (on ) Tj ET Q q 0 0 0 rg BT 503.68 331.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 532.63 331.70 Td (from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 318.50 Td (China. ) Tj ET Q q 0 0 0 rg BT 89.69 318.50 Td (In ) Tj ET Q q 0 0 0 rg BT 101.53 318.50 Td (light ) Tj ET Q q 0 0 0 rg BT 124.37 318.50 Td (of ) Tj ET Q q 0 0 0 rg BT 136.20 318.50 Td (the ) Tj ET Q q 0 0 0 rg BT 152.31 318.50 Td (announcement ) Tj ET Q q 0 0 0 rg BT 219.12 318.50 Td (by ) Tj ET Q q 0 0 0 rg BT 232.79 318.50 Td (the ) Tj ET Q q 0 0 0 rg BT 248.89 318.50 Td (United ) Tj ET Q q 0 0 0 rg BT 281.50 318.50 Td (States ) Tj ET Q q 0 0 0 rg BT 310.25 318.50 Td (T) Tj ET Q q 0 0 0 rg BT 316.59 318.50 Td (rade ) Tj ET Q q 0 0 0 rg BT 338.18 318.50 Td (Representative ) Tj ET Q q 0 0 0 rg BT 406.21 318.50 Td (on ) Tj ET Q q 0 0 0 rg BT 419.29 318.50 Td (August ) Tj ET Q q 0 0 0 rg BT 453.74 318.50 Td (13, ) Tj ET Q q 0 0 0 rg BT 470.16 318.50 Td (2019, ) Tj ET Q q 0 0 0 rg BT 497.58 318.50 Td (the ) Tj ET Q q 0 0 0 rg BT 513.69 318.50 Td (company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 305.30 Td (is ) Tj ET Q q 0 0 0 rg BT 68.14 305.30 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 116.76 305.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.00 305.30 Td (details ) Tj ET Q q 0 0 0 rg BT 164.52 305.30 Td (of ) Tj ET Q q 0 0 0 rg BT 176.49 305.30 Td (these ) Tj ET Q q 0 0 0 rg BT 201.89 305.30 Td (tarif) Tj ET Q q 0 0 0 rg BT 220.01 305.30 Td (fs ) Tj ET Q q 0 0 0 rg BT 230.76 305.30 Td (and ) Tj ET Q q 0 0 0 rg BT 249.45 305.30 Td (is ) Tj ET Q q 0 0 0 rg BT 259.59 305.30 Td (actively ) Tj ET Q q 0 0 0 rg BT 297.21 305.30 Td (working ) Tj ET Q q 0 0 0 rg BT 336.67 305.30 Td (with ) Tj ET Q q 0 0 0 rg BT 359.03 305.30 Td (its ) Tj ET Q q 0 0 0 rg BT 372.23 305.30 Td (vendor ) Tj ET Q q 0 0 0 rg BT 405.58 305.30 Td (partners ) Tj ET Q q 0 0 0 rg BT 443.81 305.30 Td (and ) Tj ET Q q 0 0 0 rg BT 462.50 305.30 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 505.02 305.30 Td (in ) Tj ET Q q 0 0 0 rg BT 516.38 305.30 Td (China ) Tj ET Q q 0 0 0 rg BT 545.46 305.30 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 292.10 Td (help ) Tj ET Q q 0 0 0 rg BT 79.69 292.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 118.48 292.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 159.72 292.10 Td (impact.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 265.70 Td (About ) Tj ET Q q 0 0 0 rg BT 90.09 265.70 Td (Macy's, ) Tj ET Q q 0 0 0 rg BT 129.19 265.70 Td (Inc.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 239.30 Td (Macy) Tj ET Q q 0 0 0 rg BT 86.10 239.30 Td (s, ) Tj ET Q q 0 0 0 rg BT 96.15 239.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 115.96 239.30 Td (is ) Tj ET Q q 0 0 0 rg BT 126.31 239.30 Td (one ) Tj ET Q q 0 0 0 rg BT 145.21 239.30 Td (of ) Tj ET Q q 0 0 0 rg BT 157.38 239.30 Td (the ) Tj ET Q q 0 0 0 rg BT 173.84 239.30 Td (nation) Tj ET Q q 0 0 0 rg BT 204.39 239.30 Td (s ) Tj ET Q q 0 0 0 rg BT 211.68 239.30 Td (premier ) Tj ET Q q 0 0 0 rg BT 248.90 239.30 Td (retailers, ) Tj ET Q q 0 0 0 rg BT 290.09 239.30 Td (with ) Tj ET Q q 0 0 0 rg BT 312.66 239.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 339.49 239.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 364.51 239.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 388.91 239.30 Td (of ) Tj ET Q q 0 0 0 rg BT 401.08 239.30 Td ($24.971 ) Tj ET Q q 0 0 0 rg BT 439.85 239.30 Td (billion ) Tj ET Q q 0 0 0 rg BT 471.59 239.30 Td (and ) Tj ET Q q 0 0 0 rg BT 490.48 239.30 Td (approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 226.10 Td (130,000 ) Tj ET Q q 0 0 0 rg BT 97.18 226.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 150.15 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 170.67 226.10 Td (company ) Tj ET Q q 0 0 0 rg BT 214.42 226.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 254.50 226.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 321.46 226.10 Td (680 ) Tj ET Q q 0 0 0 rg BT 341.38 226.10 Td (department ) Tj ET Q q 0 0 0 rg BT 394.29 226.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 423.38 226.10 Td (under ) Tj ET Q q 0 0 0 rg BT 451.85 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.72 226.10 Td (nameplates ) Tj ET Q q 0 0 0 rg BT 521.62 226.10 Td (Macy) Tj ET Q q 0 0 0 rg BT 549.72 226.10 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 212.90 Td (and ) Tj ET Q q 0 0 0 rg BT 75.70 212.90 Td (Bloomingdale) Tj ET Q q 0 0 0 rg BT 141.08 212.90 Td (s, ) Tj ET Q q 0 0 0 rg BT 149.93 212.90 Td (and ) Tj ET Q q 0 0 0 rg BT 167.63 212.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 232.99 212.90 Td (190 ) Tj ET Q q 0 0 0 rg BT 251.30 212.90 Td (specialty ) Tj ET Q q 0 0 0 rg BT 292.22 212.90 Td (stores ) Tj ET Q q 0 0 0 rg BT 319.70 212.90 Td (that ) Tj ET Q q 0 0 0 rg BT 338.01 212.90 Td (include ) Tj ET Q q 0 0 0 rg BT 372.21 212.90 Td (Bloomingdale) Tj ET Q q 0 0 0 rg BT 437.59 212.90 Td (s ) Tj ET Q q 0 0 0 rg BT 443.56 212.90 Td (The ) Tj ET Q q 0 0 0 rg BT 462.48 212.90 Td (Outlet, ) Tj ET Q q 0 0 0 rg BT 494.54 212.90 Td (Bluemercury) Tj ET Q q 0 0 0 rg BT 551.25 212.90 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 199.70 Td (and ) Tj ET Q q 0 0 0 rg BT 76.36 199.70 Td (Macy) Tj ET Q q 0 0 0 rg BT 104.46 199.70 Td (s ) Tj ET Q q 0 0 0 rg BT 111.21 199.70 Td (Backstage. ) Tj ET Q q 0 0 0 rg BT 161.64 199.70 Td (Macy) Tj ET Q q 0 0 0 rg BT 189.74 199.70 Td (s, ) Tj ET Q q 0 0 0 rg BT 199.25 199.70 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 218.52 199.70 Td (operates ) Tj ET Q q 0 0 0 rg BT 257.64 199.70 Td (stores ) Tj ET Q q 0 0 0 rg BT 285.78 199.70 Td (in ) Tj ET Q q 0 0 0 rg BT 296.81 199.70 Td (43 ) Tj ET Q q 0 0 0 rg BT 310.28 199.70 Td (states, ) Tj ET Q q 0 0 0 rg BT 339.95 199.70 Td (the ) Tj ET Q q 0 0 0 rg BT 355.86 199.70 Td (District ) Tj ET Q q 0 0 0 rg BT 391.33 199.70 Td (of ) Tj ET Q q 0 0 0 rg BT 402.97 199.70 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 451.58 199.70 Td (Guam ) Tj ET Q q 0 0 0 rg BT 480.94 199.70 Td (and ) Tj ET Q q 0 0 0 rg BT 499.29 199.70 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 530.49 199.70 Td (Rico, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 186.50 Td (as ) Tj ET Q q 0 0 0 rg BT 69.63 186.50 Td (well ) Tj ET Q q 0 0 0 rg BT 91.04 186.50 Td (as ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 102.66943359375 185.03369140625 m 152.45947265625 185.03369140625 l s q 0 0 1 rg BT 102.67 186.50 Td (macys.com) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 152.46 186.50 Td (, ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 157.677734375 185.03369140625 m 244.13623046875 185.03369140625 l s q 0 0 1 rg BT 157.68 186.50 Td (bloomingdales.com) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 244.14 186.50 Td ( ) Tj ET Q q 0 0 0 rg BT 246.60 186.50 Td (and ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 264.955078125 185.03369140625 m 341.5146484375 185.03369140625 l s q 0 0 1 rg BT 264.96 186.50 Td (bluemercury) Tj ET Q q 0 0 1 rg BT 319.83 186.50 Td (.com) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 341.51 186.50 Td (. ) Tj ET Q q 0 0 0 rg BT 346.73 186.50 Td (Bloomingdale) Tj ET Q q 0 0 0 rg BT 412.12 186.50 Td (s ) Tj ET Q q 0 0 0 rg BT 418.86 186.50 Td (stores ) Tj ET Q q 0 0 0 rg BT 447.00 186.50 Td (in ) Tj ET Q q 0 0 0 rg BT 458.02 186.50 Td (Dubai ) Tj ET Q q 0 0 0 rg BT 487.37 186.50 Td (and ) Tj ET Q q 0 0 0 rg BT 505.72 186.50 Td (Kuwait ) Tj ET Q q 0 0 0 rg BT 540.57 186.50 Td (are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 173.30 Td (operated ) Tj ET Q q 0 0 0 rg BT 98.08 173.30 Td (by ) Tj ET Q q 0 0 0 rg BT 110.80 173.30 Td (Al ) Tj ET Q q 0 0 0 rg BT 123.85 173.30 Td (T) Tj ET Q q 0 0 0 rg BT 129.80 173.30 Td (ayer ) Tj ET Q q 0 0 0 rg BT 150.94 173.30 Td (Group ) Tj ET Q q 0 0 0 rg BT 181.26 173.30 Td (LLC ) Tj ET Q q 0 0 0 rg BT 204.24 173.30 Td (under ) Tj ET Q q 0 0 0 rg BT 231.50 173.30 Td (license ) Tj ET Q q 0 0 0 rg BT 264.25 173.30 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 319.29 173.30 Td (Macy) Tj ET Q q 0 0 0 rg BT 347.40 173.30 Td (s, ) Tj ET Q q 0 0 0 rg BT 356.64 173.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 375.64 173.30 Td (has ) Tj ET Q q 0 0 0 rg BT 392.52 173.30 Td (corporate ) Tj ET Q q 0 0 0 rg BT 436.26 173.30 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 494.66 173.30 Td (in ) Tj ET Q q 0 0 0 rg BT 505.43 173.30 Td (Cincinnati, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 160.10 Td (Ohio, ) Tj ET Q q 0 0 0 rg BT 85.50 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.13 160.10 Td (New ) Tj ET Q q 0 0 0 rg BT 127.24 160.10 Td (Y) Tj ET Q q 0 0 0 rg BT 134.09 160.10 Td (ork, ) Tj ET Q q 0 0 0 rg BT 154.25 160.10 Td (New ) Tj ET Q q 0 0 0 rg BT 177.36 160.10 Td (Y) Tj ET Q q 0 0 0 rg BT 184.20 160.10 Td (ork.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 134.90 Td (All ) Tj ET Q q 0 0 0 rg BT 74.61 134.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 123.60 134.90 Td (in ) Tj ET Q q 0 0 0 rg BT 134.71 134.90 Td (this ) Tj ET Q q 0 0 0 rg BT 153.16 134.90 Td (press ) Tj ET Q q 0 0 0 rg BT 178.32 134.90 Td (release ) Tj ET Q q 0 0 0 rg BT 211.41 134.90 Td (that ) Tj ET Q q 0 0 0 rg BT 230.46 134.90 Td (are ) Tj ET Q q 0 0 0 rg BT 246.44 134.90 Td (not ) Tj ET Q q 0 0 0 rg BT 263.05 134.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 312.04 134.90 Td (of ) Tj ET Q q 0 0 0 rg BT 323.76 134.90 Td (historical ) Tj ET Q q 0 0 0 rg BT 367.24 134.90 Td (fact ) Tj ET Q q 0 0 0 rg BT 386.28 134.90 Td (are ) Tj ET Q q 0 0 0 rg BT 402.27 134.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 476.91 134.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 525.90 134.90 Td (within ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 121.70 Td (the ) Tj ET Q q 0 0 0 rg BT 74.26 121.70 Td (meaning ) Tj ET Q q 0 0 0 rg BT 114.95 121.70 Td (of ) Tj ET Q q 0 0 0 rg BT 126.93 121.70 Td (the ) Tj ET Q q 0 0 0 rg BT 143.19 121.70 Td (Private ) Tj ET Q q 0 0 0 rg BT 177.17 121.70 Td (Securities ) Tj ET Q q 0 0 0 rg BT 223.36 121.70 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 269.56 121.70 Td (Reform ) Tj ET Q q 0 0 0 rg BT 305.36 121.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 324.06 121.70 Td (of ) Tj ET Q q 0 0 0 rg BT 336.04 121.70 Td (1995. ) Tj ET Q q 0 0 0 rg BT 363.61 121.70 Td (Such ) Tj ET Q q 0 0 0 rg BT 388.43 121.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 437.68 121.70 Td (are ) Tj ET Q q 0 0 0 rg BT 453.93 121.70 Td (based ) Tj ET Q q 0 0 0 rg BT 481.79 121.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 506.61 121.70 Td (the ) Tj ET Q q 0 0 0 rg BT 522.87 121.70 Td (current ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 108.50 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 89.28 108.50 Td (and ) Tj ET Q q 0 0 0 rg BT 107.12 108.50 Td (expectations ) Tj ET Q q 0 0 0 rg BT 164.06 108.50 Td (of ) Tj ET Q q 0 0 0 rg BT 175.19 108.50 Td (Macy) Tj ET Q q 0 0 0 rg BT 203.29 108.50 Td (s ) Tj ET Q q 0 0 0 rg BT 209.53 108.50 Td (management ) Tj ET Q q 0 0 0 rg BT 267.69 108.50 Td (and ) Tj ET Q q 0 0 0 rg BT 285.53 108.50 Td (are ) Tj ET Q q 0 0 0 rg BT 300.92 108.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 334.04 108.50 Td (to ) Tj ET Q q 0 0 0 rg BT 344.55 108.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 392.95 108.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 415.69 108.50 Td (and ) Tj ET Q q 0 0 0 rg BT 433.53 108.50 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 494.01 108.50 Td (Actual ) Tj ET Q q 0 0 0 rg BT 525.29 108.50 Td (results ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 95.30 Td (could ) Tj ET Q q 0 0 0 rg BT 85.99 95.30 Td (dif) Tj ET Q q 0 0 0 rg BT 98.01 95.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 113.77 95.30 Td (materially ) Tj ET Q q 0 0 0 rg BT 161.91 95.30 Td (from ) Tj ET Q q 0 0 0 rg BT 186.85 95.30 Td (those ) Tj ET Q q 0 0 0 rg BT 213.62 95.30 Td (expressed ) Tj ET Q q 0 0 0 rg BT 260.54 95.30 Td (in ) Tj ET Q q 0 0 0 rg BT 272.65 95.30 Td (or ) Tj ET Q q 0 0 0 rg BT 285.36 95.30 Td (implied ) Tj ET Q q 0 0 0 rg BT 322.52 95.30 Td (by ) Tj ET Q q 0 0 0 rg BT 337.08 95.30 Td (the ) Tj ET Q q 0 0 0 rg BT 354.07 95.30 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 429.71 95.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 479.69 95.30 Td (contained ) Tj ET Q q 0 0 0 rg BT 526.00 95.30 Td (in ) Tj ET Q q 0 0 0 rg BT 538.11 95.30 Td (this ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 82.10 Td (release ) Tj ET Q q 0 0 0 rg BT 91.67 82.10 Td (because ) Tj ET Q q 0 0 0 rg BT 129.62 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.92 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.94 82.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 183.62 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.92 82.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 231.73 82.10 Td (including ) Tj ET Q q 0 0 0 rg BT 276.42 82.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 325.39 82.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 339.84 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.14 82.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 390.70 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.40 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.97 82.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 450.84 82.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 465.89 82.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 509.35 82.10 Td (real ) Tj ET Q q 0 0 0 rg BT 528.97 82.10 Td (estate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 68.90 Td (and ) Tj ET Q q 0 0 0 rg BT 77.53 68.90 Td (other ) Tj ET Q q 0 0 0 rg BT 103.79 68.90 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 162.73 68.90 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 210.98 68.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.01 68.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 271.43 68.90 Td (and ) Tj ET Q q 0 0 0 rg BT 290.96 68.90 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 355.09 68.90 Td (char) Tj ET Q q 0 0 0 rg BT 373.81 68.90 Td (ges, ) Tj ET Q q 0 0 0 rg BT 394.88 68.90 Td (the ) Tj ET Q q 0 0 0 rg BT 411.97 68.90 Td (ef) Tj ET Q q 0 0 0 rg BT 420.32 68.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 440.45 68.90 Td (of ) Tj ET Q q 0 0 0 rg BT 453.27 68.90 Td (federal ) Tj ET Q q 0 0 0 rg BT 487.45 68.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.54 68.90 Td (reform ) Tj ET Q q 0 0 0 rg BT 538.12 68.90 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 55.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 98.39 55.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 135.71 55.70 Td (to ) Tj ET Q q 0 0 0 rg BT 146.17 55.70 Td (trade ) Tj ET Q q 0 0 0 rg BT 170.05 55.70 Td (policies, ) Tj ET Q q 0 0 0 rg BT 208.92 55.70 Td (store ) Tj ET Q q 0 0 0 rg BT 232.20 55.70 Td (closings, ) Tj ET Q q 0 0 0 rg BT 272.90 55.70 Td (competitive ) Tj ET Q q 0 0 0 rg BT 326.73 55.70 Td (pressures ) Tj ET Q q 0 0 0 rg BT 369.56 55.70 Td (from ) Tj ET Q q 0 0 0 rg BT 392.84 55.70 Td (specialty ) Tj ET Q q 0 0 0 rg BT 433.84 55.70 Td (stores, ) Tj ET Q q 0 0 0 rg BT 464.15 55.70 Td (general ) Tj ET Q q 0 0 0 rg BT 498.41 55.70 Td (merchandise ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 42.50 Td (stores, ) Tj ET Q q 0 0 0 rg BT 87.80 42.50 Td (of) Tj ET Q q 0 0 0 rg BT 96.77 42.50 Td (f-price ) Tj ET Q q 0 0 0 rg BT 127.47 42.50 Td (and ) Tj ET Q q 0 0 0 rg BT 144.74 42.50 Td (discount ) Tj ET Q q 0 0 0 rg BT 183.40 42.50 Td (stores, ) Tj ET Q q 0 0 0 rg BT 213.21 42.50 Td (manufacturers) Tj ET Q q 0 0 0 rg BT 278.96 42.50 Td ( ) Tj ET Q q 0 0 0 rg BT 280.35 42.50 Td (outlets, ) Tj ET Q q 0 0 0 rg BT 313.83 42.50 Td (the ) Tj ET Q q 0 0 0 rg BT 328.65 42.50 Td (Internet, ) Tj ET Q q 0 0 0 rg BT 367.00 42.50 Td (mail-order ) Tj ET Q q 0 0 0 rg BT 414.81 42.50 Td (catalogs ) Tj ET Q q 0 0 0 rg BT 452.24 42.50 Td (and ) Tj ET Q q 0 0 0 rg BT 469.51 42.50 Td (television ) Tj ET Q q 0 0 0 rg BT 513.67 42.50 Td (shopping ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 29.30 Td (and ) Tj ET Q q 0 0 0 rg BT 77.35 29.30 Td (general ) Tj ET Q q 0 0 0 rg BT 113.19 29.30 Td (consumer ) Tj ET Q q 0 0 0 rg BT 159.43 29.30 Td (spending ) Tj ET Q q 0 0 0 rg BT 202.62 29.30 Td (levels, ) Tj ET Q q 0 0 0 rg BT 234.50 29.30 Td (including ) Tj ET Q q 0 0 0 rg BT 279.52 29.30 Td (the ) Tj ET Q q 0 0 0 rg BT 296.43 29.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 329.83 29.30 Td (of ) Tj ET Q q 0 0 0 rg BT 342.47 29.30 Td (the ) Tj ET Q q 0 0 0 rg BT 359.38 29.30 Td (availability ) Tj ET Q q 0 0 0 rg BT 412.33 29.30 Td (and ) Tj ET Q q 0 0 0 rg BT 431.68 29.30 Td (level ) Tj ET Q q 0 0 0 rg BT 456.53 29.30 Td (of ) Tj ET Q q 0 0 0 rg BT 469.17 29.30 Td (consumer ) Tj ET Q q 0 0 0 rg BT 515.40 29.30 Td (debt, ) Tj ET Q q 0 0 0 rg BT 540.56 29.30 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 16.10 Td (ef) Tj ET Q q 0 0 0 rg BT 66.35 16.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 85.18 16.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.69 16.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 133.84 16.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.07 16.10 Td (other ) Tj ET Q q 0 0 0 rg BT 177.02 16.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 209.29 16.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 253.79 16.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.69 16.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 314.69 16.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 337.20 16.10 Td (by ) Tj ET Q q 0 0 0 rg BT 350.54 16.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.33 16.10 Td (company ) Tj ET Q q 0 0 0 rg BT 408.99 16.10 Td (with ) Tj ET Q q 0 0 0 rg BT 430.89 16.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.68 16.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 492.40 16.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.63 16.10 Td (Exchange ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 772.60 Td (3) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 741.40 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 119.79 741.40 Td (Macy) Tj ET Q q 0 0 0 rg BT 147.90 741.40 Td (s ) Tj ET Q q 0 0 0 rg BT 155.60 741.40 Td (disclaims ) Tj ET Q q 0 0 0 rg BT 200.57 741.40 Td (any ) Tj ET Q q 0 0 0 rg BT 219.87 741.40 Td (intention ) Tj ET Q q 0 0 0 rg BT 262.40 741.40 Td (or ) Tj ET Q q 0 0 0 rg BT 274.99 741.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 323.02 741.40 Td (to ) Tj ET Q q 0 0 0 rg BT 334.99 741.40 Td (update ) Tj ET Q q 0 0 0 rg BT 367.73 741.40 Td (or ) Tj ET Q q 0 0 0 rg BT 380.32 741.40 Td (revise ) Tj ET Q q 0 0 0 rg BT 410.01 741.40 Td (any ) Tj ET Q q 0 0 0 rg BT 429.31 741.40 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 504.82 741.40 Td (statements, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 728.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 96.18 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 108.09 728.20 Td (a ) Tj ET Q q 0 0 0 rg BT 115.72 728.20 Td (result ) Tj ET Q q 0 0 0 rg BT 142.91 728.20 Td (of ) Tj ET Q q 0 0 0 rg BT 154.82 728.20 Td (new ) Tj ET Q q 0 0 0 rg BT 175.90 728.20 Td (information, ) Tj ET Q q 0 0 0 rg BT 233.33 728.20 Td (future ) Tj ET Q q 0 0 0 rg BT 262.35 728.20 Td (events ) Tj ET Q q 0 0 0 rg BT 293.20 728.20 Td (or ) Tj ET Q q 0 0 0 rg BT 305.11 728.20 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 353.38 728.20 Td (except ) Tj ET Q q 0 0 0 rg BT 384.83 728.20 Td (as ) Tj ET Q q 0 0 0 rg BT 396.74 728.20 Td (required ) Tj ET Q q 0 0 0 rg BT 436.14 728.20 Td (by ) Tj ET Q q 0 0 0 rg BT 449.89 728.20 Td (law) Tj ET Q q 0 0 0 rg BT 465.06 728.20 Td (. ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 701.80 Td (NOTE: ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 92.36 701.80 Td (Additional ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 141.94 701.80 Td (information ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 196.41 701.80 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 209.95 701.80 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 238.05 701.80 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 247.61 701.80 Td (Inc., ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 269.70 701.80 Td (including ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 313.78 701.80 Td (past ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 334.04 701.80 Td (news ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 359.18 701.80 Td (releases, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 399.27 701.80 Td (is ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 409.15 701.80 Td (available ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 451.38 701.80 Td (at ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 461.85 701.80 Td (www) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 484.97 701.80 Td (.macysinc.com/) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 688.60 Td (pressroom. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 109.08 688.60 Td (A) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 116.42 688.60 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 119.64 688.60 Td (webcast ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 158.28 688.60 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 170.66 688.60 Td (Macy's, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 207.93 688.60 Td (Inc.) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 227.78 688.60 Td (s ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 235.28 688.60 Td (call ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 254.37 688.60 Td (with ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 277.14 688.60 Td (analysts ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 315.80 688.60 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 334.90 688.60 Td (investors ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 377.83 688.60 Td (will ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 398.16 688.60 Td (be ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 411.76 688.60 Td (held ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 433.91 688.60 Td (today ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 461.57 688.60 Td (\(August ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 500.23 688.60 Td (14, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 517.19 688.60 Td (2019\) ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 546.07 688.60 Td (at ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 675.40 Td (9:30 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 80.58 675.40 Td (a.m. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 102.54 675.40 Td (ET) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 115.16 675.40 Td (. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 120.72 675.40 Td (The ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 140.85 675.40 Td (webcast, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 182.05 675.40 Td (along ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 209.51 675.40 Td (with ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 232.09 675.40 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 248.55 675.40 Td (associated ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 296.78 675.40 Td (presentation, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 356.31 675.40 Td (is ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 366.67 675.40 Td (accessible ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 414.28 675.40 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 425.86 675.40 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 442.32 675.40 Td (media ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 472.23 675.40 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 491.13 675.40 Td (general ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 526.52 675.40 Td (public ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 662.20 Td (via ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 73.38 662.20 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 88.76 662.20 Td (company's ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 137.28 662.20 Td (website ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 172.82 662.20 Td (at ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 182.70 662.20 Td (www) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 205.82 662.20 Td (.macysinc.com. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 276.06 662.20 Td (Analysts ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 316.50 662.20 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 334.32 662.20 Td (investors ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 375.98 662.20 Td (may ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 396.86 662.20 Td (call ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 414.68 662.20 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 425.18 662.20 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 438.12 662.20 Td (1-888-254-3590, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 514.30 662.20 Td (passcode ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 649.00 Td (7241409. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 101.41 649.00 Td (A) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 108.75 649.00 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 111.53 649.00 Td (replay ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 141.78 649.00 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 153.72 649.00 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 169.94 649.00 Td (conference ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 220.95 649.00 Td (call ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 239.60 649.00 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 258.26 649.00 Td (slides ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 286.09 649.00 Td (can ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 304.13 649.00 Td (be ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 317.29 649.00 Td (accessed ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 358.54 649.00 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 372.31 649.00 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 388.53 649.00 Td (website ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 424.90 649.00 Td (or ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 436.84 649.00 Td (by ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 450.62 649.00 Td (calling ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 483.33 649.00 Td (1-888-203-1) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 537.91 649.00 Td (1) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 543.00 649.00 Td (12 ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 635.80 Td (\(same ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 87.01 635.80 Td (passcode\) ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 133.14 635.80 Td (about ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 160.32 635.80 Td (two ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 179.57 635.80 Td (hours ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 206.77 635.80 Td (after ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 229.67 635.80 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 245.85 635.80 Td (conclusion ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 296.26 635.80 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 308.17 635.80 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 324.36 635.80 Td (call.) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 609.40 Td (Macy's, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 94.87 609.40 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 114.47 609.40 Td (will ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 134.39 609.40 Td (report ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 163.46 609.40 Td (results ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 194.99 609.40 Td (for ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 210.62 609.40 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 226.87 609.40 Td (third ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 250.45 609.40 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 284.41 609.40 Td (2019 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 309.21 609.40 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 322.82 609.40 Td (Thursday) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 363.65 609.40 Td (, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 369.21 609.40 Td (November ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 418.44 609.40 Td (21, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 435.00 609.40 Td (2019. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 462.56 609.40 Td (Moving ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 500.20 609.40 Td (forward, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 540.57 609.40 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 596.20 Td (company ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 101.07 596.20 Td (will ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 120.93 596.20 Td (hold ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 143.24 596.20 Td (its ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 156.38 596.20 Td (call ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 175.01 596.20 Td (with ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 197.32 596.20 Td (analysts ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 235.50 596.20 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 254.14 596.20 Td (investors ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 296.61 596.20 Td (at ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 307.29 596.20 Td (8:00 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 329.60 596.20 Td (a.m. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 351.29 596.20 Td (ET) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 363.91 596.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 569.80 Td (Macy's, Inc. is scheduled to present at the Goldman Sachs ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 315.37 569.80 Td (Annual Global Retailing Conference at 8:05 a.m. ET) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 547.63 569.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 556.60 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 71.55 556.60 Td (Thursday) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 112.38 556.60 Td (, September 5, 2019, in New ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 240.59 556.60 Td (Y) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 247.43 556.60 Td (ork City) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 283.08 556.60 Td (. Media and investors may access a live audio webcast of the ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 543.40 Td (presentation atwww) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 148.31 543.40 Td (.macysinc.com/iron September 5, 2019. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 328.25 543.40 Td (A) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 335.59 543.40 Td ( replay of the webcast will be available on the ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 530.20 Td (company) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 101.38 530.20 Td (s website.) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 58 502.078564453125 m 99.55078125 502.078564453125 l s q 0 0 0 rg BT 58.00 503.80 Td (Contacts) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 99.55 503.80 Td (:) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 490.60 Td (Media Blair) Tj ET Q q 0 0 0 rg BT 122.57 490.60 Td ( Fasbender) Tj ET Q q 0 0 0 rg BT 174.62 490.60 Td ( Rosenberg) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 477.40 Td (646-429-6032) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 464.20 Td (media@macys.com) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 437.80 Td (Investors Mike McGuir) Tj ET Q q 0 0 0 rg BT 177.25 437.80 Td (e) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 424.60 Td (513-579-7780) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 411.40 Td (investors@macys.com) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 772.60 Td (4) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 154.3 726.93369140625 m 457.637890625 726.93369140625 l s q 0 0 0 rg BT 154.30 728.40 Td (Consolidated Statements of Income \(Unaudited\) \(Note 1 and Note 2\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 159.80 715.20 Td (\(All amounts in millions except percentages and per share figures\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 680.7 m 384.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 680.7 m 390.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 680.7 m 436.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 680.7 m 500.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 680.7 m 506.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 680.7 m 552.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 656.7 m 384.5 656.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 656.7 m 436.5 656.7 l s 0 0 0 RG 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221.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 188.70000000000005 m 384.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 186.70000000000005 m 384.5 186.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 188.70000000000005 m 500.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 186.70000000000005 m 500.5 186.70000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.60 695.32 Td (13 ) Tj ET Q q 0 0 0 rg BT 366.01 695.32 Td (W) Tj ET Q q 0 0 0 rg BT 374.96 695.32 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 695.32 Td (13 ) Tj ET Q q 0 0 0 rg BT 482.01 695.32 Td (W) Tj ET Q q 0 0 0 rg BT 490.96 695.32 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 683.32 Td (August 3, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 683.32 Td (August 4, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 661.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 671.27 Td (% to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 661.27 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 661.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 671.27 Td (% to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 661.27 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 641.27 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 641.27 Td (5,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 641.27 Td (5,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 616.37 Td (Credit card revenues, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 616.37 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 616.37 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 616.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 616.37 Td (186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 616.37 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 616.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 586.37 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.80 586.42 Td (\(3,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 586.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.45 586.37 Td (\(61.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 586.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 586.42 Td (\(3,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 586.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.45 586.37 Td (\(59.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 586.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 562.27 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.80 561.42 Td (\(2,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 561.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.45 561.37 Td (\(39.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 561.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 561.42 Td (\(2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 561.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.45 561.37 Td (\(38.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 561.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 537.27 Td (Gains on sale of real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 536.37 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 536.37 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 536.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 536.37 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 536.37 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 536.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 512.27 Td (Impairment and other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.30 511.42 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 511.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 511.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 511.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 511.42 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 511.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 511.37 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 511.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 487.27 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 486.37 Td (155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 486.37 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 486.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 486.37 Td (303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 486.37 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 486.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 462.27 Td (Benefit plan income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 461.37 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 461.37 Td (1) Tj ET Q q 0 0 0 rg BT 491.65 461.37 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 437.27 Td (Settlement char) Tj ET Q q 0 0 0 rg BT 123.39 437.27 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 436.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 436.42 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 436.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 412.27 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 411.42 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 411.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 411.42 Td (\(62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 411.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 387.27 Td (Losses on early retirement of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 386.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 386.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 386.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 362.27 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 361.37 Td (1) Tj ET Q q 0 0 0 rg BT 370.65 361.37 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 361.37 Td (197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 337.27 Td (Federal, state and local income taxexpense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 336.42 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 336.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 336.42 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 336.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 312.27 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 311.37 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 311.37 Td (164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 287.27 Td (Net loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 286.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 286.37 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 262.27 Td (Net income attributable to Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 261.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 261.37 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 261.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 261.37 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 237.27 Td (Basic earnings per share attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 227.27 Td ( Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 227.37 Td (0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 227.37 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 203.27 Td (Diluted earnings per share attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 193.27 Td ( Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 192.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 192.37 Td (0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 192.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 192.37 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 168.27 Td (A) Tj ET Q q 0 0 0 rg BT 67.48 168.27 Td (verage common shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 153.27 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 152.37 Td (309.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 152.37 Td (307.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 138.27 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 137.37 Td (31) Tj ET Q q 0 0 0 rg BT 368.15 137.37 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 137.37 Td (312.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 113.27 Td (End of period common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 112.37 Td (308.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 112.37 Td (307.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 88.27 Td (Supplemental Financial Measures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 73.27 Td (Gross Mar) Tj ET Q q 0 0 0 rg BT 109.40 73.27 Td (gin \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 72.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 72.37 Td (2,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 73.27 Td (38.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 73.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 72.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 72.37 Td (2,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 73.27 Td (40.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 73.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 58.27 Td (Depreciation and amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 57.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 57.37 Td (237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 57.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 57.37 Td (235) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 772.60 Td (5) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 154.3 726.93369140625 m 457.637890625 726.93369140625 l s q 0 0 0 rg BT 154.30 728.40 Td (Consolidated Statements of Income \(Unaudited\) \(Note 1 and Note 2\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 159.80 715.20 Td (\(All amounts in millions except percentages and per share figures\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 680.7 m 384.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 680.7 m 390.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 680.7 m 436.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 680.7 m 500.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 680.7 m 506.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 680.7 m 552.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 656.7 m 384.5 656.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 656.7 m 436.5 656.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 680.7 m 500.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 656.7 m 500.5 656.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 680.7 m 506.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 680.7 m 552.5 680.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 656.7 m 552.5 656.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 506.70000000000005 m 384.5 506.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 506.70000000000005 m 500.5 506.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 506.70000000000005 m 384.5 506.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 381.70000000000005 m 384.5 381.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 381.70000000000005 m 500.5 381.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 331.70000000000005 m 384.5 331.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 331.70000000000005 m 500.5 331.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 281.70000000000005 m 384.5 281.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 281.70000000000005 m 500.5 281.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 257.70000000000005 m 384.5 257.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 255.70000000000005 m 384.5 255.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 257.70000000000005 m 500.5 257.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 255.70000000000005 m 500.5 255.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 223.70000000000005 m 384.5 223.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 221.70000000000005 m 384.5 221.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 223.70000000000005 m 500.5 223.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 221.70000000000005 m 500.5 221.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 188.70000000000005 m 384.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 186.70000000000005 m 384.5 186.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 188.70000000000005 m 500.5 188.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 186.70000000000005 m 500.5 186.70000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.05 695.32 Td (26 weeks ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.05 695.32 Td (26 weeks ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 683.32 Td (August 3, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 683.32 Td (August 4, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 661.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 671.27 Td (% to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 661.27 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 661.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 671.27 Td (% to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 661.27 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 641.27 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.10 641.27 Td (1) Tj ET Q q 0 0 0 rg BT 358.10 641.27 Td (1,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 641.27 Td (1) Tj ET Q q 0 0 0 rg BT 474.10 641.27 Td (1,1) Tj ET Q q 0 0 0 rg BT 486.60 641.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 616.37 Td (Credit card revenues, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 616.37 Td (348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 616.37 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 616.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 616.37 Td (343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 616.37 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 616.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 586.37 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.80 586.42 Td (\(6,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 586.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.45 586.37 Td (\(61.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 586.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 586.42 Td (\(6,701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 586.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.45 586.37 Td (\(60.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 586.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 562.27 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.80 561.42 Td (\(4,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 561.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.45 561.37 Td (\(38.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 561.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 561.42 Td (\(4,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 561.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.45 561.37 Td (\(38.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 561.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 537.27 Td (Gains on sale of real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 536.37 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 536.37 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 536.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 536.37 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 536.37 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 536.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 512.27 Td (Impairment and other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.30 511.42 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 511.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 511.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 511.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 511.42 Td (\(36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 511.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 511.37 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 511.37 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 487.27 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 486.37 Td (359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 486.37 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 486.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 486.37 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 486.37 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 486.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 462.27 Td (Benefit plan income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 461.37 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 461.37 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 437.27 Td (Settlement char) Tj ET Q q 0 0 0 rg BT 123.39 437.27 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 436.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 436.42 Td (\(50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 436.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 412.27 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 411.42 Td (\(94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 411.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 411.42 Td (\(128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 411.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 387.27 Td (Losses on early retirement of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 386.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 386.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 386.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 362.27 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 361.37 Td (280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 361.37 Td (380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 337.27 Td (Federal, state and local income taxexpense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 336.42 Td (\(57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 336.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 336.42 Td (\(84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 336.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 312.27 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 311.37 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 311.37 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 287.27 Td (Net loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 286.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 286.37 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 262.27 Td (Net income attributable to Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 261.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 261.37 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 261.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 261.37 Td (306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 237.27 Td (Basic earnings per share attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 227.27 Td ( Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 227.37 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 227.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 227.37 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 203.27 Td (Diluted earnings per share attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 193.27 Td ( Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 192.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 192.37 Td (0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 192.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 192.37 Td (0.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 168.27 Td (A) Tj ET Q q 0 0 0 rg BT 67.48 168.27 Td (verage common shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 153.27 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 152.37 Td (309.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 152.37 Td (307.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 138.27 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 137.37 Td (31) Tj ET Q q 0 0 0 rg BT 368.15 137.37 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 137.37 Td (310.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 113.27 Td (End of period common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 112.37 Td (308.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 112.37 Td (307.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 88.27 Td (Supplemental Financial Measures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 73.27 Td (Gross Mar) Tj ET Q q 0 0 0 rg BT 109.40 73.27 Td (gin \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 72.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 72.37 Td (4,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 73.27 Td (38.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 73.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 72.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 72.37 Td (4,41) Tj ET Q q 0 0 0 rg BT 491.65 72.37 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 73.27 Td (39.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 73.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 58.27 Td (Depreciation and amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 57.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 57.37 Td (472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 57.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 57.37 Td (470) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 772.60 Td (6) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 194.35 713.73369140625 m 417.6478515625 713.73369140625 l s q 0 0 0 rg BT 194.35 715.20 Td (Consolidated Balance Sheets \(Unaudited\) \(Note 2\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 284.30 702.00 Td (\(millions\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 652.5 m 426.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 652.5 m 490.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 652.5 m 554.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 562.5 m 426.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 562.5 m 490.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 562.5 m 554.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 562.5 m 490.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 562.5 m 554.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 458.5 m 426.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 458.5 m 490.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 458.5 m 554.5 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 430.5 m 426.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 428.5 m 426.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 430.5 m 490.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 428.5 m 490.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 430.5 m 554.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 428.5 m 554.5 428.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 325.5 m 490.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 325.5 m 426.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 325.5 m 490.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 325.5 m 554.5 325.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 191.5 m 426.5 191.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 191.5 m 490.5 191.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 191.5 m 554.5 191.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 176.5 m 426.5 176.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 176.5 m 490.5 176.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 176.5 m 554.5 176.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 148.5 m 426.5 148.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 146.5 m 426.5 146.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 148.5 m 490.5 148.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 146.5 m 490.5 146.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 148.5 m 554.5 148.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 146.5 m 554.5 146.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.55 667.17 Td (August 3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 657.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.95 667.17 Td (February 2,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 657.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.55 667.17 Td (August 4,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 657.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 643.07 Td (ASSETS:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 628.07 Td ( Current ) Tj ET Q q 0 0 0 rg BT 101.27 628.07 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 613.07 Td ( Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 612.17 Td (674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 612.17 Td (1,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 612.17 Td (1,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 598.07 Td ( Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 597.17 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 597.17 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 597.17 Td (261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 583.07 Td ( Merchandise inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 582.17 Td (5,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 582.17 Td (5,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 582.17 Td (4,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 568.07 Td ( Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 567.17 Td (603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 567.17 Td (620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 567.17 Td (580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 553.07 Td ( ) Tj ET Q q 0 0 0 rg BT 83.41 553.07 Td (T) Tj ET Q q 0 0 0 rg BT 89.08 553.07 Td (otal Current ) Tj ET Q q 0 0 0 rg BT 139.00 553.07 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 552.17 Td (6,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 552.17 Td (7,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 552.17 Td (6,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 524.07 Td ( Property and Equipment net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 523.17 Td (6,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 523.17 Td (6,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 523.17 Td (6,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 509.07 Td ( Right of Use ) Tj ET Q q 0 0 0 rg BT 121.83 509.07 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 508.17 Td (2,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 508.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 508.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 494.07 Td ( Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 493.17 Td (3,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 493.17 Td (3,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 493.17 Td (3,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 479.07 Td ( Other Intangible ) Tj ET Q q 0 0 0 rg BT 136.53 479.07 Td (Assets net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 478.17 Td (440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 478.17 Td (478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 478.17 Td (483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 464.07 Td ( Other ) Tj ET Q q 0 0 0 rg BT 93.49 464.07 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 463.17 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 463.17 Td (726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 463.17 Td (865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 435.07 Td ( ) Tj ET Q q 0 0 0 rg BT 83.41 435.07 Td (T) Tj ET Q q 0 0 0 rg BT 89.08 435.07 Td (otal ) Tj ET Q q 0 0 0 rg BT 105.95 435.07 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 434.17 Td (20,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 434.17 Td (19,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 434.17 Td (18,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 406.07 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 120.16 406.07 Td (AND SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 225.80 406.07 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 264.60 406.07 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 391.07 Td ( Current Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 376.07 Td ( Short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 375.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 375.17 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 375.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 375.17 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 375.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 375.17 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 361.07 Td ( Merchandise accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 360.17 Td (1,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 360.17 Td (1,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 360.17 Td (1,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 346.07 Td ( ) Tj ET Q q 0 0 0 rg BT 75.72 346.07 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 345.17 Td (2,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 345.17 Td (3,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 345.17 Td (2,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 331.07 Td ( Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 330.17 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 330.17 Td (168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 330.17 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 316.07 Td ( ) Tj ET Q q 0 0 0 rg BT 83.41 316.07 Td (T) Tj ET Q q 0 0 0 rg BT 89.08 316.07 Td (otal Current Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 315.17 Td (4,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 315.17 Td (5,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 315.17 Td (4,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 287.07 Td ( Long-T) Tj ET Q q 0 0 0 rg BT 98.70 287.07 Td (erm Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 286.17 Td (4,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 286.17 Td (4,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 286.17 Td (5,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 272.07 Td ( Long-T) Tj ET Q q 0 0 0 rg BT 98.70 272.07 Td (erm Lease Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 271.17 Td (2,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 271.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 271.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 257.07 Td ( Deferred Income ) Tj ET Q q 0 0 0 rg BT 138.92 257.07 Td (T) Tj ET Q q 0 0 0 rg BT 144.59 257.07 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 256.17 Td (1,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 256.17 Td (1,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 256.17 Td (1,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 242.07 Td ( Other Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 241.17 Td (1,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 241.17 Td (1,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 241.17 Td (1,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 227.07 Td (Shareholders' Equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 212.07 Td (Macy's, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 211.17 Td (6,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 211.17 Td (6,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 211.17 Td (5,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 197.07 Td (Noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 196.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 196.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 196.22 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 196.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 182.07 Td (T) Tj ET Q q 0 0 0 rg BT 93.41 182.07 Td (otal Shareholders' Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 181.17 Td (6,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 181.17 Td (6,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 181.17 Td (5,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 153.07 Td ( ) Tj ET Q q 0 0 0 rg BT 83.32 153.07 Td (T) Tj ET Q q 0 0 0 rg BT 88.73 153.07 Td (otal Liabilities and Shareholders) Tj ET Q q 0 0 0 rg BT 221.00 153.07 Td ( Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 152.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 152.17 Td (20,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 152.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 152.17 Td (19,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 152.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 152.17 Td (18,668) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 772.60 Td (7) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 144.95 713.73369140625 m 466.95244140625 713.73369140625 l s q 0 0 0 rg BT 144.95 715.20 Td (Consolidated Statements of Cash Flows \(Unaudited\) \(Note 2 and Note 4\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 284.30 702.00 Td (\(millions\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 642.5 m 485.5 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 642.5 m 554.5 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 376.5 m 485.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 362.5 m 485.5 362.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 376.5 m 554.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 362.5 m 554.5 362.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 286.5 m 485.5 286.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 272.5 m 485.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 286.5 m 554.5 286.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 272.5 m 554.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 168.5 m 485.5 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 168.5 m 554.5 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 168.5 m 485.5 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 154.5 m 485.5 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 168.5 m 554.5 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 154.5 m 554.5 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 120.5 m 485.5 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 120.5 m 554.5 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 101.5 m 485.5 101.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 99.5 m 485.5 99.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 101.5 m 554.5 101.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 99.5 m 554.5 99.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.60 682.07 Td (26 ) Tj ET Q q 0 0 0 rg BT 448.01 682.07 Td (W) Tj ET Q q 0 0 0 rg BT 456.96 682.07 Td (eeks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.20 672.07 Td (Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.10 682.07 Td (26 ) Tj ET Q q 0 0 0 rg BT 517.51 682.07 Td (W) Tj ET Q q 0 0 0 rg BT 526.46 682.07 Td (eeks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 672.07 Td (Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.55 657.17 Td (August 3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 647.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.05 657.17 Td (August 4,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 647.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 633.07 Td (Cash flows from operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 619.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 619.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 619.07 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 619.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 619.07 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 605.07 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 591.07 Td (Impairment and other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 591.07 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 591.07 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 577.07 Td (Settlement char) Tj ET Q q 0 0 0 rg BT 159.39 577.07 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 577.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 577.07 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 563.07 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 563.07 Td (472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 563.07 Td (470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 549.07 Td (Stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 549.07 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 549.07 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 535.07 Td (Gains on sale of real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 535.12 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 535.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 535.12 Td (\(70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 535.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 521.07 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 521.07 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 521.07 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 507.07 Td (Benefit plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 507.07 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 507.07 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 493.07 Td (Amortization of 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BT 121.00 381.07 Td ( Change in other assets and liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 381.12 Td (\(60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 381.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 381.12 Td (\(94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 381.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.00 367.07 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 367.07 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 367.07 Td (544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 347.07 Td (Cash flows from investing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 333.07 Td (Purchase of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 333.12 Td (\(378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 333.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 333.12 Td (\(275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 333.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 319.07 Td (Capitalized software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 319.12 Td (\(123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 319.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 319.12 Td (\(133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 319.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 305.07 Td (Disposition of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 305.07 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 305.07 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 291.07 Td (Other) Tj ET Q q 0 0 0 rg BT 101.57 291.07 Td (, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 291.12 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 291.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 291.07 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.00 277.07 Td (Net cash used by investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 277.12 Td (\(454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 277.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 277.12 Td (\(312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 277.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 257.07 Td (Cash flows from financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 243.07 Td (Debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 243.12 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 243.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 243.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 229.07 Td (Debt repaid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 229.12 Td (\(39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 229.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 229.12 Td (\(357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 229.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 215.07 Td (Dividends paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 215.12 Td (\(233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 215.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 215.12 Td (\(232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 215.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 201.07 Td (Decrease in outstanding checks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 201.12 Td (\(128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 201.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.30 201.12 Td (\(90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 201.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 187.07 Td (Issuance of common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 187.07 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 187.07 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 173.07 Td (Proceeds from noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 173.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 173.07 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.00 159.07 Td (Net cash used by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 159.12 Td (\(397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 159.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 159.12 Td (\(636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 159.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 139.07 Td (Net decrease in cash, cash equivalents and restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 139.12 Td (\(501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 139.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 139.12 Td (\(404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 139.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 125.07 Td (Cash, cash equivalents and restricted cash beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 125.07 Td (1,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 125.07 Td (1,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 105.07 Td (Cash, cash equivalents and restricted cash end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.00 105.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 105.07 Td (747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 105.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 105.07 Td (1,109) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 772.60 Td (8) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 201.65 713.73369140625 m 410.30087890625 713.73369140625 l s q 0 0 0 rg BT 201.65 715.20 Td (Consolidated Financial Statements \(Unaudited\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 688.80 Td (Notes:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 662.40 Td (\(1\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 662.40 Td (As a result of the seasonal nature of the retail business, the results of operations for the 13 and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 492.66 662.40 Td (26 weeks ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 649.20 Td (ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 102.26 649.20 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 104.41 649.20 Td (August3, 2019) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 171.94 649.20 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 192.71 649.20 Td (August4, 2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 260.24 649.20 Td ( \(which do not include the Christmas season\) are not necessarily ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 636.00 Td (indicative of such results for the fiscal year) Tj ET Q q 0 0 0 rg BT 265.07 636.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 609.60 Td (\(2\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 609.60 Td (The results for the 13 and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 191.47 609.60 Td (26 weeks ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 261.72 609.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 263.86 609.60 Td (August3, 2019) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 331.40 609.60 Td ( reflect the adoption of ) Tj ET Q q 0 0 0 rg BT 433.72 609.60 Td (Accounting Standards ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 596.40 Td (Update 2016-02 \(ASU 2016-02\), Leases, on February 3, 2019, utilizing the modified retrospective approach ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 583.20 Td (which allowed for transition in the period of adoption. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 556.80 Td (\(3\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 556.80 Td (Gross mar) Tj ET Q q 0 0 0 rg BT 121.32 556.80 Td (gin is defined as net sales less cost of sales.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 530.40 Td (\(4\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 530.40 Td (Restricted cash of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 157.55 530.40 Td ($73 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 208.59 530.40 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 229.97 530.40 Td ($41 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 281.00 530.40 Td ( have been included with cash and cash equivalents for the 26 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 517.20 Td (weeks ended ) Tj ET Q q 0 0 0 rg BT 134.65 517.20 Td (August 3, 2019 and ) Tj ET Q q 0 0 0 rg BT 222.95 517.20 Td (August 4, 2018, respectively) Tj ET Q q 0 0 0 rg BT 348.41 517.20 Td (. Further) Tj ET Q q 0 0 0 rg BT 388.60 517.20 Td (, reclassifications were made to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 504.00 Td (certain prior period's amounts to conform with the classifications of such amounts in the most recent period.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 772.60 Td (9) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 160.6 713.73369140625 m 451.32119140625 713.73369140625 l s q 0 0 0 rg BT 160.60 715.20 Td (Important Information Regarding Non-GAAP) Tj ET Q q 0 0 0 rg BT 362.74 715.20 Td ( Financial Measures) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 688.80 Td (The company reports its financial results in accordance with U.S. generally accepted accounting principles ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 675.60 Td (\(GAAP\). However) Tj ET Q q 0 0 0 rg BT 140.65 675.60 Td (, management believes that certain non-GAAP) Tj ET Q q 0 0 0 rg BT 345.51 675.60 Td ( financial measures provide users of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 662.40 Td (company's financial information with additional useful information in evaluating operating performance. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 649.20 Td (Management believes that providing supplemental changes in comparable sales on an owned plus licensed basis ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 636.00 Td (and changes in comparable sales on an owned plus licensed basis adjusted for the 53) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 430.06 640.98 Td (rd) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 436.02 636.00 Td ( week calendar shift, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 622.80 Td (which include adjusting for growth in comparable sales of departments licensed to third parties, assists in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 609.60 Td (evaluating the company's ability to generate sales growth, whether through owned businesses or departments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 596.40 Td (licensed to third parties, and in evaluating the impact of changes in the manner in which certain departments are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 583.20 Td (operated. Earnings before interest, taxes, depreciation and amortization \(EBITDA\) is a non-GAAP) Tj ET Q q 0 0 0 rg BT 491.95 583.20 Td ( financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 570.00 Td (measure which the company believes provides meaningful information about its operational ef) Tj ET Q q 0 0 0 rg BT 474.15 570.00 Td (ficiency by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 556.80 Td (excluding the impact of changes in tax law and structure, debt levels and capital investment. In addition, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 543.60 Td (management believes that excluding certain items from EBITDA, net income and diluted earnings per share ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 530.40 Td (attributable to Macy's, Inc. shareholders that are not associated with the company) Tj ET Q q 0 0 0 rg BT 418.89 530.40 Td (s core operations and that may ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 517.20 Td (vary substantially in frequency and magnitude from period-to-period provides useful supplemental measures ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 504.00 Td (that assist in evaluating the company's ability to generate earnings and to more readily compare these metrics ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 490.80 Td (between past and future periods. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 464.40 Td (The reconciliation of the forward-looking non-GAAP) Tj ET Q q 0 0 0 rg BT 293.72 464.40 Td ( financial measure of changes in comparable sales on an ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 451.20 Td (owned plus licensed basis to GAAP) Tj ET Q q 0 0 0 rg BT 215.55 451.20 Td ( comparable sales \(i.e., on an owned basis\) is in the same manner as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 438.00 Td (illustrated below) Tj ET Q q 0 0 0 rg BT 130.91 438.00 Td (, except that the impact of growth in comparable sales of departments licensed to third parties is ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 424.80 Td (the only reconciling item. In addition, the company does not provide the most directly comparable forward-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 411.60 Td (looking GAAP) Tj ET Q q 0 0 0 rg BT 123.90 411.60 Td ( measure of diluted earnings per share attributable to Macy) Tj ET Q q 0 0 0 rg BT 386.28 411.60 Td (s, Inc. shareholders excluding certain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 398.40 Td (items because the timing and amount of excluded items are unreasonably dif) Tj ET Q q 0 0 0 rg BT 394.72 398.40 Td (ficult to fully and accurately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 385.20 Td (estimate. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 358.80 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 110.15 358.80 Td ( financial measures should be viewed as supplementing, and not as an alternative or substitute for) Tj ET Q q 0 0 0 rg BT 538.59 358.80 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 345.60 Td (the company's financial results prepared in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 351.99 345.60 Td (. Certain of the items that may be excluded or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 332.40 Td (included in non-GAAP) Tj ET Q q 0 0 0 rg BT 159.64 332.40 Td ( financial measures may be significant items that could impact the company's financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 319.20 Td (position, results of operations or cash flows and should therefore be considered in assessing the company's ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 306.00 Td (actual and future financial condition and performance. ) Tj ET Q q 0 0 0 rg BT 299.29 306.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 354.18 306.00 Td (, the amounts received by the company on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 292.80 Td (account of sales of departments licensed to third parties are limited to commissions received on such sales. ) Tj ET Q q 0 0 0 rg BT 530.05 292.80 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 279.60 Td (methods used by the company to calculate its non-GAAP) Tj ET Q q 0 0 0 rg BT 309.93 279.60 Td ( financial measures may dif) Tj ET Q q 0 0 0 rg BT 431.30 279.60 Td (fer significantly from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 266.40 Td (methods used by other companies to compute similar measures. ) Tj ET Q q 0 0 0 rg BT 340.88 266.40 Td (As a result, any non-GAAP) Tj ET Q q 0 0 0 rg BT 461.77 266.40 Td ( financial measures ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 253.20 Td (presented herein may not be comparable to similar measures provided by other companies.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 772.60 Td (10) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 160.6 713.73369140625 m 451.32119140625 713.73369140625 l s q 0 0 0 rg BT 160.60 715.20 Td (Important Information Regarding Non-GAAP) Tj ET Q q 0 0 0 rg BT 362.74 715.20 Td ( Financial Measures) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 159.80 702.00 Td (\(All amounts in millions except percentages and per share figures\)) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 58 674.13369140625 m 189.6669921875 674.13369140625 l s q 0 0 0 rg BT 58.00 675.60 Td (Changes in Comparable Sales) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 634.1 m 472.5 634.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 634.1 m 553.5 634.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 582.1 m 472.5 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 582.1 m 553.5 582.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 560.1 m 472.5 560.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 558.1 m 472.5 558.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 560.1 m 553.5 560.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 558.1 m 553.5 558.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.10 648.77 Td (13 ) Tj ET Q q 0 0 0 rg BT 414.51 648.77 Td (W) Tj ET Q q 0 0 0 rg BT 423.46 648.77 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 638.77 Td (August 3, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.10 648.77 Td (26 ) Tj ET Q q 0 0 0 rg BT 495.42 648.77 Td (W) Tj ET Q q 0 0 0 rg BT 504.06 648.77 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.80 638.77 Td (August 3, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 608.77 Td (Increase in comparable sales on an owned basis \(Note 5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 608.77 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 608.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 608.77 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 608.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 586.77 Td (Comparable sales growth impact of departments licensed to third parties \(Note 6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 586.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 586.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 586.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 586.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 563.77 Td (Increase in comparable sales on an owned plus licensed basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 563.77 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 563.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 563.77 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 563.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 518.1 m 472.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 518.1 m 553.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 466.1 m 472.5 466.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 466.1 m 553.5 466.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 420.1 m 472.5 420.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 420.1 m 553.5 420.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 391.1 m 472.5 391.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 389.1 m 472.5 389.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 391.1 m 553.5 391.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 389.1 m 553.5 389.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.10 532.77 Td (13 ) Tj ET Q q 0 0 0 rg BT 414.51 532.77 Td (W) Tj ET Q q 0 0 0 rg BT 423.46 532.77 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 522.77 Td (August 4, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.10 532.77 Td (26 ) Tj ET Q q 0 0 0 rg BT 495.42 532.77 Td (W) Tj ET Q q 0 0 0 rg BT 504.06 532.77 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.80 522.77 Td (August 4, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 492.77 Td (Increase in comparable sales on an owned basis \(Note 5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 492.77 Td (0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 492.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 492.77 Td (1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 492.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 470.77 Td (Comparable sales growth impact of departments licensed to third parties \(Note 6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 470.77 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 470.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 470.77 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 470.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 447.77 Td (Increase in comparable sales on an owned plus licensed basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 447.77 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 447.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 447.77 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 447.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 424.77 Td (Impact of 53) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 111.09 429.30 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.51 424.77 Td ( ) Tj ET Q q 0 0 0 rg BT 118.83 424.77 Td (W) Tj ET Q q 0 0 0 rg BT 127.46 424.77 Td (eek Shifted Calendar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 424.77 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 424.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.45 424.77 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.30 424.77 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 403.67 Td (53) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 70.00 408.20 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.41 403.67 Td ( ) Tj ET Q q 0 0 0 rg BT 77.73 403.67 Td (W) Tj ET Q q 0 0 0 rg BT 86.37 403.67 Td (eek Shifted Calendar comparable sales on an owned plus licensed basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 393.67 Td (\(Note 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 394.77 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 394.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 394.77 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 394.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 365.40 Td (Notes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 341.40 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 341.40 Td (Represents the period-to-period percentage change in net sales from stores in operation throughout the year presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 329.40 Td (and the immediately preceding year and all online sales, excluding commissions from departments licensed to third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 317.40 Td (parties. Stores impacted by a natural disaster or under) Tj ET Q q 0 0 0 rg BT 290.47 317.40 Td (going significant expansion or shrinkage remain in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 305.40 Td (comparable sales calculation unless the store, or material portion of the store, is closed for a significant period of time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 293.40 Td (Definitions and calculations of comparable sales may dif) Tj ET Q q 0 0 0 rg BT 303.25 293.40 Td (fer among companies in the retail industry) Tj ET Q q 0 0 0 rg BT 471.99 293.40 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 269.40 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 269.40 Td (Represents the impact of including the sales of departments licensed to third parties occurring in stores in operation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 257.40 Td (throughout the year presented and the immediately preceding year and all online sales in the calculation of comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 245.40 Td (sales. ) Tj ET Q q 0 0 0 rg BT 100.26 245.40 Td (The company licenses third parties to operate certain departments in its stores and online and receives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 233.40 Td (commissions from these third parties based on a percentage of their net sales. In its financial statements prepared in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 221.40 Td (conformity with GAAP) Tj ET Q q 0 0 0 rg BT 169.33 221.40 Td (, the company includes these commissions \(rather than sales of the departments licensed to third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 209.40 Td (parties\) in its net sales. ) Tj ET Q q 0 0 0 rg BT 169.69 209.40 Td (The company does not, however) Tj ET Q q 0 0 0 rg BT 299.53 209.40 Td (, include any amounts in respect of licensed department sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 197.40 Td (\(or any commissions earned on such sales\) in its comparable sales in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 447.75 197.40 Td ( \(i.e., on an owned basis\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 185.40 Td (The amounts of commissions earned on sales of departments licensed to third parties are not material to its net sales for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 173.40 Td (the periods presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 149.40 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 149.40 Td (Represents comparable sales on an owned plus licensed basis that incorporates a shift of the company's fiscal 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 137.40 Td (calendar to align with fiscal 2018 on a like-for) Tj ET Q q 0 0 0 rg BT 261.29 137.40 Td (-like basis as a result of the 53) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 382.65 141.93 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.06 137.40 Td ( week in fiscal 2017.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.35 772.60 Td (1) Tj ET Q q 0 0 0 rg BT 556.98 772.60 Td (1) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 160.6 713.73369140625 m 451.32119140625 713.73369140625 l s q 0 0 0 rg BT 160.60 715.20 Td (Important Information Regarding Non-GAAP) Tj ET Q q 0 0 0 rg BT 362.74 715.20 Td ( Financial Measures) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 58 687.33369140625 m 537.509765625 687.33369140625 l s q 0 0 0 rg BT 58.00 688.80 Td (Earnings before Interest, ) Tj ET Q q 0 0 0 rg BT 168.98 688.80 Td (T) Tj ET Q q 0 0 0 rg BT 174.93 688.80 Td (axes, Depreciation and ) Tj ET Q q 0 0 0 rg BT 277.55 688.80 Td (Amortization, Net Income and Diluted Earnings Per Share ) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 58 674.13369140625 m 352.01904296875 674.13369140625 l s q 0 0 0 rg BT 58.00 675.60 Td (Attributable to Macy's, Inc. Shareholders, Excluding Certain Items) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 649.20 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 110.15 649.20 Td ( financial measures, excluding certain items below) Tj ET Q q 0 0 0 rg BT 332.10 649.20 Td (, are reconciled to the most directly comparable ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 636.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 87.54 636.00 Td ( measure as follows:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 622.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 622.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 133.72 622.80 Td ( and adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 234.23 622.80 Td ( are reconciled to GAAP) Tj ET Q q 0 0 0 rg BT 342.56 622.80 Td ( net income attributable to Macy) Tj ET Q q 0 0 0 rg BT 488.87 622.80 Td (s, Inc. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 609.60 Td (shareholders.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 596.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 596.40 Td (Adjusted net income attributable to Macy) Tj ET Q q 0 0 0 rg BT 280.03 596.40 Td (s, Inc. shareholders is reconciled to GAAP) Tj ET Q q 0 0 0 rg BT 467.19 596.40 Td ( net income ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 583.20 Td (attributable to Macy) Tj ET Q q 0 0 0 rg BT 186.25 583.20 Td (s, Inc. shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 570.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 570.00 Td (Adjusted diluted earnings per share attributable to Macy) Tj ET Q q 0 0 0 rg BT 344.79 570.00 Td (s, Inc. shareholders is reconciled to GAAP) Tj ET Q q 0 0 0 rg BT 531.94 570.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 556.80 Td (diluted earnings per share attributable to Macy) Tj ET Q q 0 0 0 rg BT 302.32 556.80 Td (s, Inc.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 58.00 530.40 Td (Adjusted EBITDA) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 489.9 m 425.5 489.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 489.9 m 554.5 489.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 410.9 m 425.5 410.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 410.9 m 554.5 410.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 365.9 m 425.5 365.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 351.9 m 425.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 349.9 m 425.5 349.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 365.9 m 554.5 365.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 351.9 m 554.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 349.9 m 554.5 349.9 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 509.57 Td (13 ) Tj ET Q q 0 0 0 rg BT 343.01 509.57 Td (W) Tj ET Q q 0 0 0 rg BT 351.96 509.57 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.60 509.57 Td (13 ) Tj ET Q q 0 0 0 rg BT 472.01 509.57 Td (W) Tj ET Q q 0 0 0 rg BT 480.96 509.57 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 494.57 Td (August 3, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.30 494.57 Td (August 4, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 475.57 Td (Net income attributable to Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 475.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 475.57 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 475.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 475.57 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 460.57 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 460.57 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 460.57 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 445.57 Td (Losses on early retirement of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 445.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 445.57 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 430.57 Td (Federal, state and local income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 430.57 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 430.57 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 415.57 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 415.57 Td (237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 415.57 Td (235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 400.57 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 400.57 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 400.57 Td (501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 385.57 Td (Impairment and other costs \(Note 8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 385.57 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 385.57 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 370.57 Td (Settlement char) Tj ET Q q 0 0 0 rg BT 129.29 370.57 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 370.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 370.57 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 355.57 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 355.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 355.57 Td (402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 355.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 355.57 Td (566) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 301.9 m 425.5 301.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 301.9 m 554.5 301.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 222.89999999999998 m 425.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 222.89999999999998 m 554.5 222.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 177.89999999999998 m 425.5 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 163.89999999999998 m 425.5 163.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 161.89999999999998 m 425.5 161.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 177.89999999999998 m 554.5 177.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 163.89999999999998 m 554.5 163.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 161.89999999999998 m 554.5 161.89999999999998 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 321.57 Td (26 ) Tj ET Q q 0 0 0 rg BT 343.01 321.57 Td (W) Tj ET Q q 0 0 0 rg BT 351.96 321.57 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.60 321.57 Td (26 ) Tj ET Q q 0 0 0 rg BT 472.01 321.57 Td (W) Tj ET Q q 0 0 0 rg BT 480.96 321.57 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 306.57 Td (August 3, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.30 306.57 Td (August 4, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 287.57 Td (Net income attributable to Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 287.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 287.57 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 287.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 287.57 Td (306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 272.57 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 272.57 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 272.57 Td (128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 257.57 Td (Losses on early retirement of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 257.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 257.57 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 242.57 Td (Federal, state and local income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 242.57 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 242.57 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 227.57 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 227.57 Td (472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 227.57 Td (470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 212.57 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 212.57 Td (846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 212.57 Td (993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 197.57 Td (Impairment and other costs \(Note 8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 197.57 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 197.57 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 182.57 Td (Settlement char) Tj ET Q q 0 0 0 rg BT 129.29 182.57 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 182.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 182.57 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 167.57 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 167.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 167.57 Td (849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 167.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 167.57 Td (1,071) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 139.40 Td (Note 8: ) Tj ET Q q 0 0 0 rg BT 90.04 139.40 Td (The above pre-tax adjustments for the 13 and 26 weeks ended ) Tj ET Q q 0 0 0 rg BT 339.68 139.40 Td (August 4, 2018 exclude impairment and other costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 127.40 Td (attributable to the noncontrolling interest shareholder of $2 million and $8 million, respectively) Tj ET Q q 0 0 0 rg BT 439.21 127.40 Td (.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 772.60 Td (12) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 269.75 741.60 Td (MACYS, INC.) Tj ET Q BT /F1 11.00 Tf ET 0 0 0 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 160.6 713.73369140625 m 451.32119140625 713.73369140625 l s q 0 0 0 rg BT 160.60 715.20 Td (Important Information Regarding Non-GAAP) Tj ET Q q 0 0 0 rg BT 362.74 715.20 Td ( Financial Measures) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 58.00 693.00 Td (Adjusted Net Income and ) Tj ET Q q 0 0 0 rg BT 171.44 693.00 Td (Adjusted Diluted Earnings Per Shar) Tj ET Q q 0 0 0 rg BT 330.52 693.00 Td (e ) Tj ET Q q 0 0 0 rg BT 337.96 693.00 Td (Attributable to Macy's, Inc. Shar) Tj ET Q q 0 0 0 rg BT 481.66 693.00 Td (eholders) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 652.5 m 366.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 652.5 m 373.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 652.5 m 422.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 652.5 m 498.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 652.5 m 505.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 652.5 m 554.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 604.5 m 366.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 604.5 m 422.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 604.5 m 498.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 604.5 m 554.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 604.5 m 366.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 604.5 m 422.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 604.5 m 498.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 604.5 m 554.5 604.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 518.5 m 366.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 504.5 m 366.5 504.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 502.5 m 366.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 518.5 m 422.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 504.5 m 422.5 504.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 502.5 m 422.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 518.5 m 498.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 504.5 m 498.5 504.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 502.5 m 498.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 518.5 m 554.5 518.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 504.5 m 554.5 504.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 502.5 m 554.5 502.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.10 672.17 Td (13 ) Tj ET Q q 0 0 0 rg BT 338.51 672.17 Td (W) Tj ET Q q 0 0 0 rg BT 347.46 672.17 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 672.17 Td (13 ) Tj ET Q q 0 0 0 rg BT 470.51 672.17 Td (W) Tj ET Q q 0 0 0 rg BT 479.46 672.17 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.80 657.17 Td (August 3, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 657.17 Td (August 4, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 639.07 Td (Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.20 629.07 Td (Attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.10 619.07 Td (Macy's, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.35 609.07 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 629.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.70 619.17 Td (Earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.20 609.17 Td (Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 639.07 Td (Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.20 629.07 Td (Attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.10 619.07 Td (Macy's, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.35 609.07 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 629.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 619.17 Td (Earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.20 609.17 Td (Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 594.17 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 594.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 594.17 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 594.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 594.17 Td (0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 594.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 594.17 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 594.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 594.17 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 579.17 Td (Impairment and other costs \(Note 9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.65 579.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 579.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 579.17 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 579.17 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 564.17 Td (Settlement char) Tj ET Q q 0 0 0 rg BT 129.39 564.17 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 564.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 564.17 Td (0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 549.17 Td (Losses on early retirement of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 549.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 549.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 549.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 549.17 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 533.17 Td (Income tax impact of certain items identified above) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 523.17 Td (\(Note 10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 523.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 523.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 523.22 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 523.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.80 523.22 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 523.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 508.17 Td (As adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 508.17 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 508.17 Td (0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 508.17 Td (219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 508.17 Td (0.70) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 454.5 m 366.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 454.5 m 373.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 454.5 m 422.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 454.5 m 498.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 454.5 m 505.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 454.5 m 554.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 406.5 m 366.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 406.5 m 422.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 406.5 m 498.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 406.5 m 554.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 406.5 m 366.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 406.5 m 422.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 406.5 m 498.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 322.5 m 366.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 308.5 m 366.5 308.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 306.5 m 366.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 322.5 m 422.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 308.5 m 422.5 308.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 306.5 m 422.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 322.5 m 498.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 308.5 m 498.5 308.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 306.5 m 498.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 322.5 m 554.5 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 308.5 m 554.5 308.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 306.5 m 554.5 306.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.10 474.17 Td (26 ) Tj ET Q q 0 0 0 rg BT 338.51 474.17 Td (W) Tj ET Q q 0 0 0 rg BT 347.46 474.17 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 474.17 Td (26 ) Tj ET Q q 0 0 0 rg BT 470.51 474.17 Td (W) Tj ET Q q 0 0 0 rg BT 479.46 474.17 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.80 459.17 Td (August 3, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 459.17 Td (August 4, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 441.07 Td (Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.20 431.07 Td (Attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.10 421.07 Td (Macy's, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.35 411.07 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 431.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.70 421.17 Td (Earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.20 411.17 Td (Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 441.07 Td (Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.20 431.07 Td (Attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.10 421.07 Td (Macy's, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.35 411.07 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 431.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 421.17 Td (Earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.20 411.17 Td (Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 396.17 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 396.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 396.17 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 396.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 396.17 Td (0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 396.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 396.17 Td (306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 396.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 396.17 Td (0.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 381.17 Td (Impairment and other costs \(Note 9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.65 381.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 381.17 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 381.17 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 381.17 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 366.17 Td (Settlement char) Tj ET Q q 0 0 0 rg BT 129.39 366.17 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 366.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 366.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 366.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 366.17 Td (0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 351.17 Td (Losses on early retirement of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 351.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 351.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 351.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 351.17 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 337.07 Td (Income tax impact of certain items identified above) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 327.07 Td (\(Note 10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.30 327.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 327.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 327.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 327.22 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 327.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.80 327.22 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 327.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 312.17 Td (As adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 312.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 312.17 Td (225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 312.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 312.17 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 312.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 312.17 Td (369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 312.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 312.17 Td (1.19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 284.00 Td (Note 9: ) Tj ET Q q 0 0 0 rg BT 90.04 284.00 Td (The above pre-tax adjustments for the 13 and 26 weeks ended ) Tj ET Q q 0 0 0 rg BT 339.68 284.00 Td (August 4, 2018 exclude impairment and other costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 272.00 Td (attributable to the noncontrolling interest shareholder of $2 million and $8 million, respectively) Tj ET Q q 0 0 0 rg BT 439.21 272.00 Td (.) 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