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/F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.00 602.45 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 94.00 602.45 Td (EPS and adjusted EPS of ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 207.96 602.45 Td ($0.44) Tj ET Q BT /F3 11.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.00 589.25 Td ( ) 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 94.00 589.25 Td (2019 strategic initiatives on track to deliver sales gr) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 323.95 589.25 Td (owth) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.00 576.05 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 94.00 576.05 Td (Company r) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 142.79 576.05 Td (eaffirms annual 2019 sales and earnings 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 58.00 549.65 Td (CINCINNA) Tj ET Q q 0 0 0 rg BT 110.56 549.65 Td (TI--May ) Tj ET Q q 0 0 0 rg BT 152.35 549.65 Td (15, ) Tj ET Q q 0 0 0 rg BT 170.03 549.65 Td (2019-- ) Tj ET Q q 0 0 0 rg BT 203.28 549.65 Td (Macy) Tj ET Q q 0 0 0 rg BT 231.38 549.65 Td (s, ) Tj ET Q q 0 0 0 rg BT 242.34 549.65 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 263.06 549.65 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 302.42 549.65 Td (M\) ) Tj ET Q q 0 0 0 rg BT 319.79 549.65 Td (today ) Tj ET Q q 0 0 0 rg BT 348.16 549.65 Td (reported ) Tj ET Q q 0 0 0 rg BT 388.73 549.65 Td (results ) Tj ET Q q 0 0 0 rg BT 421.37 549.65 Td (for ) Tj ET Q q 0 0 0 rg BT 438.12 549.65 Td (the ) Tj ET Q q 0 0 0 rg BT 455.49 549.65 Td (first ) Tj ET Q q 0 0 0 rg BT 477.13 549.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 512.20 549.65 Td (2019 ) Tj ET Q q 0 0 0 rg BT 538.13 549.65 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 536.45 Td (reaf) Tj ET Q q 0 0 0 rg BT 74.89 536.45 Td (firmed ) Tj ET Q q 0 0 0 rg BT 106.96 536.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 139.03 536.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 163.17 536.45 Td (and ) Tj ET Q q 0 0 0 rg BT 181.80 536.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 221.81 536.45 Td (guidance ) Tj ET Q q 0 0 0 rg BT 264.27 536.45 Td (for ) Tj ET Q q 0 0 0 rg BT 279.84 536.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 306.41 536.45 Td (2019. ) 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 58.00 510.05 Td (Financial ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 104.76 510.05 Td (Highlights) Tj ET Q 1 1 1 rg /GS0 gs 58.50 499.55 350.00 -14.00 re f /GS0 gs 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 408.50 499.55 146.00 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[] 0 d 0 J 0 j 3 M 408.5 327.55 m 481.5 327.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 313.55 m 481.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 327.55 m 481.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 327.55 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 481.5 327.55 m 554.5 327.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 313.55 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 58.5 313.55 m 58.5 298.55 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 408.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 58.5 298.55 m 408.5 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 313.55 m 408.5 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 313.55 m 481.5 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 313.55 m 481.5 313.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 298.55 m 481.5 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 313.55 m 481.5 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 554.5 313.55 m 554.5 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 313.55 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 481.5 298.55 m 554.5 298.55 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 449.15 489.60 Td (First Quarter) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 61.00 475.41 Td (\(in millions\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 433.50 475.60 Td (2019) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 506.50 475.60 Td (2018) 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 61.00 461.45 Td (Net sales) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 411.00 461.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 447.05 461.42 Td (5,504) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 484.00 461.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 525.55 461.42 Td (5,541) 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 61.00 446.60 Td (Comparable sales) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 432.42 Td (Owned) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 458.05 432.42 Td (0.6) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 471.80 432.42 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 417.42 Td (Owned plus licensed) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 458.05 417.42 Td (0.7) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 471.80 417.42 Td (%) Tj ET Q BT /F2 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 402.60 Td (As r) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 80.76 402.60 Td (eported) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 388.42 Td (Net income attributable to Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 207.31 388.42 Td (s, Inc. shareholders) 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 411.00 388.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.30 388.42 Td (136) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.00 388.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.80 388.42 Td (139) 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 61.00 374.42 Td (Earnings before interest, taxes, depreciation and amortization) 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 411.00 374.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.30 374.42 Td (446) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.00 374.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.80 374.42 Td (492) 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 61.00 360.42 Td (Diluted earnings per share) 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 411.00 360.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.55 360.42 Td (0.44) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.00 360.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 531.05 360.42 Td (0.45) 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 61.00 345.60 Td (As adjusted*) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 61.00 331.42 Td (Net income attributable to Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 207.31 331.42 Td (s, Inc. shareholders) 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 411.00 331.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.30 331.42 Td (137) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.00 331.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.80 331.42 Td (149) 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 61.00 317.42 Td (Earnings before interest, taxes, depreciation and amortization) 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 411.00 317.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.30 317.42 Td (447) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.00 317.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 533.80 317.42 Td (505) 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 61.00 303.42 Td (Diluted earnings per share) 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 411.00 303.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.55 303.42 Td (0.44) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.00 303.42 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 531.05 303.42 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 289.45 Td (*As adjusted reflects the exclusion of certain items from the respective financial measures.) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 348.78 289.45 Td ( Please see the final pages of this news release for important ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 279.85 Td (information regarding the nature of such excluded amounts and calculation of the company) Tj ET Q q 0 0 0 rg BT 352.13 279.85 Td (s non-GAAP) Tj ET Q q 0 0 0 rg BT 393.39 279.85 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 58.00 253.45 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 90.98 253.45 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 100.88 253.45 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 120.54 253.45 Td (is ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 130.75 253.45 Td (of) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 139.71 253.45 Td (f ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 146.24 253.45 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 157.66 253.45 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 165.41 253.45 Td (solid ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 189.67 253.45 Td (start ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 211.48 253.45 Td (this ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 230.24 253.45 Td (year) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 248.73 253.45 Td (, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 254.34 253.45 Td (delivering ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 301.80 253.45 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 319.33 253.45 Td (sixth ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 343.59 253.45 Td (consecutive ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 398.38 253.45 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 432.40 253.45 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 444.43 253.45 Td (comparable ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 498.60 253.45 Td (sales ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 522.85 253.45 Td (growth ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 240.20 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 76.71 240.20 Td (making ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 112.54 240.20 Td (progress ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 152.64 240.20 Td (against ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 186.63 240.20 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 202.90 240.20 Td (North ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 231.40 240.20 Td (Star ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 251.95 240.20 Td (Strategy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 287.89 240.20 Td (. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 292.85 240.20 Td (As ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 307.91 240.20 Td (an ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 321.12 240.20 Td (omnichannel ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 380.77 240.20 Td (retailer) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 411.47 240.20 Td (, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 417.05 240.20 Td (we ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 432.71 240.20 Td (are ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 448.97 240.20 Td (focused ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 486.01 240.20 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 499.84 240.20 Td (growing ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 539.34 240.20 Td (our ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 227.00 Td (customer ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 99.89 227.00 Td (base ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 121.01 227.00 Td (by ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 133.58 227.00 Td (providing ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 177.93 227.00 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 184.39 227.00 Td (great ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 207.94 227.00 Td (experience ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 257.14 227.00 Td (across ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 286.21 227.00 Td (all ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 298.77 227.00 Td (channels ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 338.83 227.00 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 356.28 227.00 Td (taking ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 385.35 227.00 Td (market ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 417.46 227.00 Td (share ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 442.24 227.00 Td (category ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 481.68 227.00 Td (by ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 494.25 227.00 Td (category) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 531.41 227.00 Td (.Our ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 213.85 Td (brick ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 84.92 213.85 Td (& ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 97.79 213.85 Td (mortar ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 131.43 213.85 Td (sales ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 157.13 213.85 Td (trend ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 184.05 213.85 Td (improved ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 230.53 213.85 Td (sequentially ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 288.00 213.85 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 300.87 213.85 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 318.63 213.85 Td (first ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 340.67 213.85 Td (quarter) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 371.37 213.85 Td (, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 378.44 213.85 Td (supported ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 426.14 213.85 Td (by ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 441.46 213.85 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 459.21 213.85 Td (Growth50 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 508.14 213.85 Td (stores ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 538.12 213.85 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 200.60 Td (Backstage. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 108.47 200.60 Td (W) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 117.98 200.60 Td (e ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 125.58 200.60 Td (had ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 144.18 200.60 Td (another ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 179.88 200.60 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 213.74 200.60 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 225.62 200.60 Td (double-digit ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 282.11 200.60 Td (growth ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 315.99 200.60 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 327.27 200.60 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 344.65 200.60 Td (digital ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 375.47 200.60 Td (business, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 418.22 200.60 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 436.82 200.60 Td (mobile ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 470.09 200.60 Td (continues ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 514.96 200.60 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 526.24 200.60 Td (be ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 539.34 200.60 Td (our ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 187.40 Td (fastest-growing ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 129.82 187.40 Td (channel, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 175.04 187.40 Td (said ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 196.15 187.40 Td (Jef) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 208.78 187.40 Td (f ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 215.83 187.40 Td (Gennette, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 261.67 187.40 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 289.77 187.40 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 300.19 187.40 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 320.38 187.40 Td (chairman ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 364.69 187.40 Td (& ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 376.63 187.40 Td (chief ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 402.01 187.40 Td (executive ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 447.54 187.40 Td (of) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 456.50 187.40 Td (ficer) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 476.04 187.40 Td (.W) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 495.93 187.40 Td (e ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 504.20 187.40 Td (are ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 521.02 187.40 Td (pleased ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 174.20 Td (with ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 80.35 174.20 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 96.59 174.20 Td (progress ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 136.65 174.20 Td (we ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 152.27 174.20 Td (are ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 168.50 174.20 Td (making ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 204.29 174.20 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 218.08 174.20 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 235.54 174.20 Td (strategic ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 275.60 174.20 Td (initiatives ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 321.78 174.20 Td (as ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 333.74 174.20 Td (they ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 355.47 174.20 Td (continue ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 396.14 174.20 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 407.50 174.20 Td (drive ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 432.89 174.20 Td (top-line ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 469.90 174.20 Td (growth, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 506.61 174.20 Td (keeping ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 544.23 174.20 Td (us ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 161.00 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 71.94 161.00 Td (track ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 96.86 161.00 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 108.35 161.00 Td (reach ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 135.10 161.00 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 152.70 161.00 Td (2019 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 177.64 161.00 Td (goals. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 206.34 161.00 Td (W) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 215.84 161.00 Td (e ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 223.66 161.00 Td (believe ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 258.35 161.00 Td (these ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 283.89 161.00 Td (initiatives, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 332.96 161.00 Td (coupled ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 370.72 161.00 Td (with ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 393.22 161.00 Td (productivity ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 449.93 161.00 Td (improvements, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 518.55 161.00 Td (position ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 147.80 Td (our ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 75.41 147.80 Td (company ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 118.48 147.80 Td (well ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 140.17 147.80 Td (for ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 155.75 147.80 Td (long-term ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 201.88 147.80 Td (profit ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 229.06 147.80 Td (growth.) Tj ET Q /GS0 gs q 496.00 0 0 42.75 58.00 48.48 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 58.00 715.70 Td (Asset ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.80 715.70 Td (Sale ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 108.11 715.70 Td (Gains) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 690.50 Td (Asset ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 85.80 690.50 Td (sale ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 106.25 690.50 Td (gains ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 132.82 690.50 Td (for ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 149.00 690.50 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 165.79 690.50 Td (first ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 186.86 690.50 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 221.36 690.50 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 233.87 690.50 Td (2019 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 259.22 690.50 Td (totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 292.51 690.50 Td ($43 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 312.36 690.50 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 344.14 690.50 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 347.49 690.50 Td (pre-tax, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 384.74 690.50 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 397.25 690.50 Td ($31 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 417.11 690.50 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 448.89 690.50 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 452.24 690.50 Td (after) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 472.17 690.50 Td (-tax ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 492.62 690.50 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 511.85 690.50 Td ($0.10) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 536.60 690.50 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 539.95 690.50 Td (per ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 677.30 Td (diluted ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 91.18 677.30 Td (share ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 117.02 677.30 Td (attributable ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 169.75 677.30 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 180.93 677.30 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 209.04 677.30 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 218.70 677.30 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 238.13 677.30 Td (shareholders. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 298.91 677.30 Td (This ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 321.10 677.30 Td (compares ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 365.87 677.30 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 377.06 677.30 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 393.13 677.30 Td (first ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 413.48 677.30 Td (quarter ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 447.26 677.30 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 459.06 677.30 Td (2018, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 486.44 677.30 Td (when ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 512.90 677.30 Td (asset ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 536.91 677.30 Td (sale ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 664.10 Td (gains ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 83.99 664.10 Td (totaled ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 116.70 664.10 Td ($24 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 135.98 664.10 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 167.76 664.10 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 170.53 664.10 Td (pre-tax, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 207.21 664.10 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 219.15 664.10 Td ($18 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 238.42 664.10 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 270.20 664.10 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 272.98 664.10 Td (after) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 292.90 664.10 Td (-tax ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 312.78 664.10 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 331.44 664.10 Td ($0.06) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 356.19 664.10 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 358.96 664.10 Td (per ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 375.78 664.10 Td (diluted ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 409.11 664.10 Td (share ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 435.09 664.10 Td (attributable ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 487.96 664.10 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 499.29 664.10 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 527.39 664.10 Td (s, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 537.20 664.10 Td (Inc. ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 650.90 Td (shareholders. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 119.09 650.90 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 624.50 Td (Extended ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 105.37 624.50 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 125.25 624.50 Td (Amended ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 173.22 624.50 Td (Bank ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 201.04 624.50 Td (Cr) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 213.67 624.50 Td (edit ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 234.14 624.50 Td (Facility) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 598.10 Td (On ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 73.62 598.10 Td (May ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 95.96 598.10 Td (9, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 106.39 598.10 Td (2019, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 133.31 598.10 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 148.93 598.10 Td (company ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 191.43 598.10 Td (entered ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 225.97 598.10 Td (into ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 245.26 598.10 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 252.32 598.10 Td (new ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 272.82 598.10 Td ($1.5 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 294.25 598.10 Td (billion, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 327.90 598.10 Td (five-year ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 369.77 598.10 Td (Credit ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 398.96 598.10 Td (Agreement ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 450.00 598.10 Td (that ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 468.67 598.10 Td (will ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 487.96 598.10 Td (mature ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 520.68 598.10 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 533.86 598.10 Td (May ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 584.90 Td (9, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 69.42 584.90 Td (2024. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 97.11 584.90 Td (This ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 119.84 584.90 Td (agreement ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 168.81 584.90 Td (replaces ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 208.01 584.90 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 216.07 584.90 Td (previous ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 257.12 584.90 Td ($1.5 ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 279.54 584.90 Td (billion ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 311.43 584.90 Td (facility) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 341.87 584.90 Td (, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 347.79 584.90 Td (which ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 377.85 584.90 Td (was ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 398.12 584.90 Td (set ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 413.51 584.90 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 425.24 584.90 Td (expire ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 455.89 584.90 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 467.62 584.90 Td (May ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 490.95 584.90 Td (2021. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 518.87 584.90 Td (Macy) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 546.98 584.90 Td (s, ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 571.70 Td (Inc. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 78.03 571.70 Td (maintains ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 124.03 571.70 Td (a ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 132.14 571.70 Td (strong ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 162.88 571.70 Td (balance ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 199.69 571.70 Td (sheet, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 228.28 571.70 Td (enabling ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 269.39 571.70 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 286.06 571.70 Td (company ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 329.61 571.70 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 341.40 571.70 Td (extend ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 373.95 571.70 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 390.62 571.70 Td (maturity ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 431.12 571.70 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 443.52 571.70 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 460.19 571.70 Td (agreement ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 509.22 571.70 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 523.46 571.70 Td (similar ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 558.50 Td (terms.) 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 58.00 530.30 Td (Looking ) Tj ET Q q 0 0 0 rg BT 99.27 530.30 Td (Ahead) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 503.90 Td (Macy's, ) Tj ET Q q 0 0 0 rg BT 94.81 503.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 114.35 503.90 Td (is ) Tj ET Q q 0 0 0 rg BT 124.44 503.90 Td (reaf) Tj ET Q q 0 0 0 rg BT 141.33 503.90 Td (firming ) Tj ET Q q 0 0 0 rg BT 177.08 503.90 Td (its ) Tj ET Q q 0 0 0 rg BT 190.22 503.90 Td (previously ) Tj ET Q q 0 0 0 rg BT 239.41 503.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.26 503.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 313.33 503.90 Td (guidance ) Tj ET Q q 0 0 0 rg BT 355.78 503.90 Td (for ) Tj ET Q q 0 0 0 rg BT 371.36 503.90 Td (2019. ) Tj ET Q 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 293.50 493.40 173.00 -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 144.5 493.4 m 144.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 493.4 m 293.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 493.4 m 293.5 493.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 479.4 m 293.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 493.4 m 293.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 493.4 m 466.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 493.4 m 466.5 493.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 479.4 m 144.5 454.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 479.4 m 293.5 454.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 454.4 m 293.5 454.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 479.4 m 293.5 454.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 479.4 m 466.5 454.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 479.4 m 466.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 454.4 m 466.5 454.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 454.4 m 144.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 454.4 m 293.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 454.4 m 293.5 454.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 425.4 m 293.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 454.4 m 293.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 454.4 m 466.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 454.4 m 466.5 454.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 425.4 m 466.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 425.4 m 144.5 408.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 425.4 m 293.5 408.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 425.4 m 293.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 408.4 m 293.5 408.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 425.4 m 293.5 408.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 425.4 m 466.5 408.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 425.4 m 466.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 408.4 m 466.5 408.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 408.4 m 144.5 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 408.4 m 293.5 408.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 370.4 m 293.5 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 408.4 m 293.5 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 408.4 m 466.5 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 408.4 m 466.5 408.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 370.4 m 466.5 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 370.4 m 144.5 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 370.4 m 293.5 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 346.4 m 293.5 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 370.4 m 293.5 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 370.4 m 466.5 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 370.4 m 466.5 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 346.4 m 466.5 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 346.4 m 144.5 328.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 346.4 m 293.5 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144.5 328.4 m 293.5 328.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 346.4 m 293.5 328.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 346.4 m 466.5 328.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 346.4 m 466.5 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 328.4 m 466.5 328.4 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 326.00 483.45 Td (2019 ) Tj ET Q q 0 0 0 rg BT 350.14 483.45 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 147.00 469.27 Td (Comparable sales ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 458.27 Td (\(owned plus licensed\)) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 403.40 459.32 Td (Flat to up 1%) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 441.32 Td (Comparable sales ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 430.32 Td (\(owned\)) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 403.40 430.32 Td (Flat to up 1%) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 413.32 Td (Net sales) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 378.95 413.32 Td (Approximately flat) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 397.32 Td (Diluted EPS excluding) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 386.32 Td (settlement char) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 213.79 386.32 Td (ges, impairment) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 375.32 Td (and other costs) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 399.40 375.32 Td ($3.05 to $3.25) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 351.32 Td (Asset sale gains) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 321.50 360.27 Td (Approximately $100 million \(or) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 391.80 349.32 Td ($0.25 per share\)) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.00 333.32 Td (Annual tax rate) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 442.80 333.32 Td (23%) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 289.30 Td (About ) Tj ET Q q 0 0 0 rg BT 90.09 289.30 Td (Macy's, ) Tj ET Q q 0 0 0 rg BT 129.19 289.30 Td (Inc.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 262.90 Td (Macy) Tj ET Q q 0 0 0 rg BT 86.10 262.90 Td (s, ) Tj ET Q q 0 0 0 rg BT 96.15 262.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 115.96 262.90 Td (is ) Tj ET Q q 0 0 0 rg BT 126.31 262.90 Td (one ) Tj ET Q q 0 0 0 rg BT 145.21 262.90 Td (of ) Tj ET Q q 0 0 0 rg BT 157.38 262.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.84 262.90 Td (nation) Tj ET Q q 0 0 0 rg BT 204.39 262.90 Td (s ) Tj ET Q q 0 0 0 rg BT 211.68 262.90 Td (premier ) Tj ET Q q 0 0 0 rg BT 248.90 262.90 Td (retailers, ) Tj ET Q q 0 0 0 rg BT 290.09 262.90 Td (with ) Tj ET Q q 0 0 0 rg BT 312.66 262.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 339.49 262.90 Td (2018 ) Tj ET Q q 0 0 0 rg BT 364.51 262.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 388.91 262.90 Td (of ) Tj ET Q q 0 0 0 rg BT 401.08 262.90 Td ($24.971 ) Tj ET Q q 0 0 0 rg BT 439.85 262.90 Td (billion ) Tj ET Q q 0 0 0 rg BT 471.59 262.90 Td (and ) Tj ET Q q 0 0 0 rg BT 490.48 262.90 Td (approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 249.70 Td (130,000 ) Tj ET Q q 0 0 0 rg BT 97.18 249.70 Td (employees. ) Tj ET Q q 0 0 0 rg BT 150.15 249.70 Td (The ) Tj ET Q q 0 0 0 rg BT 170.67 249.70 Td (company ) Tj ET Q q 0 0 0 rg BT 214.42 249.70 Td (operates ) Tj ET Q q 0 0 0 rg BT 254.50 249.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 321.46 249.70 Td (680 ) Tj ET Q q 0 0 0 rg BT 341.38 249.70 Td (department ) Tj ET Q q 0 0 0 rg BT 394.29 249.70 Td (stores ) Tj ET Q q 0 0 0 rg BT 423.38 249.70 Td (under ) Tj ET Q q 0 0 0 rg BT 451.85 249.70 Td (the ) Tj ET Q q 0 0 0 rg BT 468.72 249.70 Td (nameplates ) Tj ET Q q 0 0 0 rg BT 521.62 249.70 Td (Macy) Tj ET Q q 0 0 0 rg BT 549.72 249.70 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 236.50 Td (and ) Tj ET Q q 0 0 0 rg BT 77.12 236.50 Td (Bloomingdale) Tj ET Q q 0 0 0 rg BT 142.50 236.50 Td (s, ) Tj ET Q q 0 0 0 rg BT 152.77 236.50 Td (and ) Tj ET Q q 0 0 0 rg BT 171.89 236.50 Td (nearly ) Tj ET Q q 0 0 0 rg BT 202.62 236.50 Td (190 ) Tj ET Q q 0 0 0 rg BT 222.36 236.50 Td (specialty ) Tj ET Q q 0 0 0 rg BT 264.69 236.50 Td (stores ) Tj ET Q q 0 0 0 rg BT 293.59 236.50 Td (that ) Tj ET Q q 0 0 0 rg BT 313.33 236.50 Td (include ) Tj ET Q q 0 0 0 rg BT 348.94 236.50 Td (Bloomingdale) Tj ET Q q 0 0 0 rg BT 414.32 236.50 Td (s ) Tj ET Q q 0 0 0 rg BT 421.61 236.50 Td (The ) Tj ET Q q 0 0 0 rg BT 441.95 236.50 Td (Outlet, ) Tj ET Q q 0 0 0 rg BT 475.43 236.50 Td (Bluemercury) Tj ET Q q 0 0 0 rg BT 532.14 236.50 Td (, ) Tj ET Q q 0 0 0 rg BT 538.13 236.50 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 223.30 Td (Macy) Tj ET Q q 0 0 0 rg BT 86.10 223.30 Td (s ) Tj ET Q q 0 0 0 rg BT 93.25 223.30 Td (Backstage. ) Tj ET Q q 0 0 0 rg BT 144.07 223.30 Td (Macy) Tj ET Q q 0 0 0 rg BT 172.18 223.30 Td (s, ) Tj ET Q q 0 0 0 rg BT 182.08 223.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 201.74 223.30 Td (operates ) Tj ET Q q 0 0 0 rg BT 241.26 223.30 Td (stores ) Tj ET Q q 0 0 0 rg BT 269.79 223.30 Td (in ) Tj ET Q q 0 0 0 rg BT 281.22 223.30 Td (43 ) Tj ET Q q 0 0 0 rg BT 295.09 223.30 Td (states, ) Tj ET Q q 0 0 0 rg BT 325.14 223.30 Td (the ) Tj ET Q q 0 0 0 rg BT 341.45 223.30 Td (District ) Tj ET Q q 0 0 0 rg BT 377.32 223.30 Td (of ) Tj ET Q q 0 0 0 rg BT 389.35 223.30 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 438.36 223.30 Td (Guam ) Tj ET Q q 0 0 0 rg BT 468.11 223.30 Td (and ) Tj ET Q q 0 0 0 rg BT 486.86 223.30 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 518.45 223.30 Td (Rico, ) Tj ET Q q 0 0 0 rg BT 544.84 223.30 Td (as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 210.10 Td (well ) Tj ET Q q 0 0 0 rg BT 80.38 210.10 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 92.9765625 208.63369140625002 m 142.7666015625 208.63369140625002 l s q 0 0 1 rg BT 92.98 210.10 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 142.77 210.10 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 148.9541015625 208.63369140625002 m 235.41259765625 208.63369140625002 l s q 0 0 1 rg BT 148.95 210.10 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 235.41 210.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.85 210.10 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 258.169921875 208.63369140625002 m 334.7294921875 208.63369140625002 l s q 0 0 1 rg BT 258.17 210.10 Td (bluemercury) Tj ET Q q 0 0 1 rg BT 313.04 210.10 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 334.73 210.10 Td (. ) Tj ET Q q 0 0 0 rg BT 340.92 210.10 Td (Bloomingdale) Tj ET Q q 0 0 0 rg BT 406.30 210.10 Td (s ) Tj ET Q q 0 0 0 rg BT 414.02 210.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 443.12 210.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.11 210.10 Td (Dubai ) Tj ET Q q 0 0 0 rg BT 485.43 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.75 210.10 Td (Kuwait ) Tj ET Q q 0 0 0 rg BT 540.57 210.10 Td (are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 196.90 Td (operated ) Tj ET Q q 0 0 0 rg BT 98.05 196.90 Td (by ) Tj ET Q q 0 0 0 rg BT 110.74 196.90 Td (Al ) Tj ET Q q 0 0 0 rg BT 123.77 196.90 Td (T) Tj ET Q q 0 0 0 rg BT 129.72 196.90 Td (ayer ) Tj ET Q q 0 0 0 rg BT 150.82 196.90 Td (Group ) Tj ET Q q 0 0 0 rg BT 181.11 196.90 Td (LLC ) Tj ET Q q 0 0 0 rg BT 204.06 196.90 Td (under ) Tj ET Q q 0 0 0 rg BT 231.29 196.90 Td (license ) Tj ET Q q 0 0 0 rg BT 264.01 196.90 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 319.02 196.90 Td (Macy) Tj ET Q q 0 0 0 rg BT 347.12 196.90 Td (s, ) Tj ET Q q 0 0 0 rg BT 356.33 196.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 375.31 196.90 Td (has ) Tj ET Q q 0 0 0 rg BT 392.15 196.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 435.86 196.90 Td (of) Tj ET Q q 0 0 0 rg BT 444.82 196.90 Td (fices ) Tj ET Q q 0 0 0 rg BT 467.77 196.90 Td (in ) Tj ET Q q 0 0 0 rg BT 478.50 196.90 Td (Cincinnati, ) Tj ET Q q 0 0 0 rg BT 529.26 196.90 Td (Ohio, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 183.70 Td (and ) Tj ET Q q 0 0 0 rg BT 76.63 183.70 Td (New ) Tj ET Q q 0 0 0 rg BT 99.74 183.70 Td (Y) Tj ET Q q 0 0 0 rg BT 106.59 183.70 Td (ork, ) Tj ET Q q 0 0 0 rg BT 126.75 183.70 Td (New ) Tj ET Q q 0 0 0 rg BT 149.86 183.70 Td (Y) Tj ET Q q 0 0 0 rg BT 156.70 183.70 Td (ork.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 158.50 Td (All ) Tj ET Q q 0 0 0 rg BT 74.61 158.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 123.60 158.50 Td (in ) Tj ET Q q 0 0 0 rg BT 134.71 158.50 Td (this ) Tj ET Q q 0 0 0 rg BT 153.16 158.50 Td (press ) Tj ET Q q 0 0 0 rg BT 178.32 158.50 Td (release ) Tj ET Q q 0 0 0 rg BT 211.41 158.50 Td (that ) Tj ET Q q 0 0 0 rg BT 230.46 158.50 Td (are ) Tj ET Q q 0 0 0 rg BT 246.44 158.50 Td (not ) Tj ET Q q 0 0 0 rg BT 263.05 158.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 312.04 158.50 Td (of ) Tj ET Q q 0 0 0 rg BT 323.76 158.50 Td (historical ) Tj ET Q q 0 0 0 rg BT 367.24 158.50 Td (fact ) Tj ET Q q 0 0 0 rg BT 386.28 158.50 Td (are ) Tj ET Q q 0 0 0 rg BT 402.27 158.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 476.91 158.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 525.90 158.50 Td (within ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 74.26 145.30 Td (meaning ) Tj ET Q q 0 0 0 rg BT 114.95 145.30 Td (of ) Tj ET Q q 0 0 0 rg BT 126.93 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 143.19 145.30 Td (Private ) Tj ET Q q 0 0 0 rg BT 177.17 145.30 Td (Securities ) Tj ET Q q 0 0 0 rg BT 223.36 145.30 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 269.56 145.30 Td (Reform ) Tj ET Q q 0 0 0 rg BT 305.36 145.30 Td (Act ) Tj ET Q q 0 0 0 rg BT 324.06 145.30 Td (of ) Tj ET Q q 0 0 0 rg BT 336.04 145.30 Td (1995. ) Tj ET Q q 0 0 0 rg BT 363.61 145.30 Td (Such ) Tj ET Q q 0 0 0 rg BT 388.43 145.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 437.68 145.30 Td (are ) Tj ET Q q 0 0 0 rg BT 453.93 145.30 Td (based ) Tj ET Q q 0 0 0 rg BT 481.79 145.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 506.61 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 522.87 145.30 Td (current ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 132.10 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 89.28 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.12 132.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 164.06 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.19 132.10 Td (Macy) Tj ET Q q 0 0 0 rg BT 203.29 132.10 Td (s ) Tj ET Q q 0 0 0 rg BT 209.53 132.10 Td (management ) Tj ET Q q 0 0 0 rg BT 267.69 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.53 132.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.92 132.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 334.04 132.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.55 132.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 392.95 132.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 415.69 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.53 132.10 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 494.01 132.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 525.29 132.10 Td (results ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 118.90 Td (could ) Tj ET Q q 0 0 0 rg BT 85.99 118.90 Td (dif) Tj ET Q q 0 0 0 rg BT 98.01 118.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 113.77 118.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 161.91 118.90 Td (from ) Tj ET Q q 0 0 0 rg BT 186.85 118.90 Td (those ) Tj ET Q q 0 0 0 rg BT 213.62 118.90 Td (expressed ) Tj ET Q q 0 0 0 rg BT 260.54 118.90 Td (in ) Tj ET Q q 0 0 0 rg BT 272.65 118.90 Td (or ) Tj ET Q q 0 0 0 rg BT 285.36 118.90 Td (implied ) Tj ET Q q 0 0 0 rg BT 322.52 118.90 Td (by ) Tj ET Q q 0 0 0 rg BT 337.08 118.90 Td (the ) Tj ET Q q 0 0 0 rg BT 354.07 118.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 429.71 118.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 479.69 118.90 Td (contained ) Tj ET Q q 0 0 0 rg BT 526.00 118.90 Td (in ) Tj ET Q q 0 0 0 rg BT 538.11 118.90 Td (this ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 105.70 Td (release ) Tj ET Q q 0 0 0 rg BT 91.67 105.70 Td (because ) Tj ET Q q 0 0 0 rg BT 129.62 105.70 Td (of ) Tj ET Q q 0 0 0 rg BT 141.92 105.70 Td (a ) Tj ET Q q 0 0 0 rg BT 149.94 105.70 Td (variety ) Tj ET Q q 0 0 0 rg BT 183.62 105.70 Td (of ) Tj ET Q q 0 0 0 rg BT 195.92 105.70 Td (factors, ) Tj ET Q q 0 0 0 rg BT 231.73 105.70 Td (including ) Tj ET Q q 0 0 0 rg BT 276.42 105.70 Td (conditions ) Tj ET Q q 0 0 0 rg BT 325.39 105.70 Td (to, ) Tj ET Q q 0 0 0 rg BT 339.84 105.70 Td (or ) Tj ET Q q 0 0 0 rg BT 352.14 105.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 390.70 105.70 Td (in ) Tj ET Q q 0 0 0 rg BT 402.40 105.70 Td (the ) Tj ET Q q 0 0 0 rg BT 418.97 105.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 450.84 105.70 Td (of, ) Tj ET Q q 0 0 0 rg BT 465.89 105.70 Td (proposed ) Tj ET Q q 0 0 0 rg BT 509.35 105.70 Td (real ) Tj ET Q q 0 0 0 rg BT 528.97 105.70 Td (estate ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 92.50 Td (and ) Tj ET Q q 0 0 0 rg BT 77.53 92.50 Td (other ) Tj ET Q q 0 0 0 rg BT 103.79 92.50 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 162.73 92.50 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 210.98 92.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.01 92.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 271.43 92.50 Td (and ) Tj ET Q q 0 0 0 rg BT 290.96 92.50 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 355.09 92.50 Td (char) Tj ET Q q 0 0 0 rg BT 373.81 92.50 Td (ges, ) Tj ET Q q 0 0 0 rg BT 394.88 92.50 Td (the ) Tj ET Q q 0 0 0 rg BT 411.97 92.50 Td (ef) Tj ET Q q 0 0 0 rg BT 420.32 92.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 440.45 92.50 Td (of ) Tj ET Q q 0 0 0 rg BT 453.27 92.50 Td (federal ) Tj ET Q q 0 0 0 rg BT 487.45 92.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.54 92.50 Td (reform ) Tj ET Q q 0 0 0 rg BT 538.12 92.50 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 79.30 Td (potential ) Tj ET Q q 0 0 0 rg BT 98.39 79.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 135.71 79.30 Td (to ) Tj ET Q q 0 0 0 rg BT 146.17 79.30 Td (trade ) Tj ET Q q 0 0 0 rg BT 170.05 79.30 Td (policies, ) Tj ET Q q 0 0 0 rg BT 208.92 79.30 Td (store ) Tj ET Q q 0 0 0 rg BT 232.20 79.30 Td (closings, ) Tj ET Q q 0 0 0 rg BT 272.90 79.30 Td (competitive ) Tj ET Q q 0 0 0 rg BT 326.73 79.30 Td (pressures ) Tj ET Q q 0 0 0 rg BT 369.56 79.30 Td (from ) Tj ET Q q 0 0 0 rg BT 392.84 79.30 Td (specialty ) Tj ET Q q 0 0 0 rg BT 433.84 79.30 Td (stores, ) Tj ET Q q 0 0 0 rg BT 464.15 79.30 Td (general ) Tj ET Q q 0 0 0 rg BT 498.41 79.30 Td (merchandise ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 66.10 Td (stores, ) Tj ET Q q 0 0 0 rg BT 87.80 66.10 Td (of) Tj ET Q q 0 0 0 rg BT 96.77 66.10 Td (f-price ) Tj ET Q q 0 0 0 rg BT 127.47 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.74 66.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 183.40 66.10 Td (stores, ) Tj ET Q q 0 0 0 rg BT 213.21 66.10 Td (manufacturers) Tj ET Q q 0 0 0 rg BT 278.96 66.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.35 66.10 Td (outlets, ) Tj ET Q q 0 0 0 rg BT 313.83 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.65 66.10 Td (Internet, ) Tj ET Q q 0 0 0 rg BT 367.00 66.10 Td (mail-order ) Tj ET Q q 0 0 0 rg BT 414.81 66.10 Td (catalogs ) Tj ET Q q 0 0 0 rg BT 452.24 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.51 66.10 Td (television ) Tj ET Q q 0 0 0 rg BT 513.67 66.10 Td (shopping ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 52.90 Td (and ) Tj ET Q q 0 0 0 rg BT 77.35 52.90 Td (general ) Tj ET Q q 0 0 0 rg BT 113.19 52.90 Td (consumer ) Tj ET Q q 0 0 0 rg BT 159.43 52.90 Td (spending ) Tj ET Q q 0 0 0 rg BT 202.62 52.90 Td (levels, ) Tj ET Q q 0 0 0 rg BT 234.50 52.90 Td (including ) Tj ET Q q 0 0 0 rg BT 279.52 52.90 Td (the ) Tj ET Q q 0 0 0 rg BT 296.43 52.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 329.83 52.90 Td (of ) Tj ET Q q 0 0 0 rg BT 342.47 52.90 Td (the ) Tj ET Q q 0 0 0 rg BT 359.38 52.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 412.33 52.90 Td (and ) Tj ET Q q 0 0 0 rg BT 431.68 52.90 Td (level ) Tj ET Q q 0 0 0 rg BT 456.53 52.90 Td (of ) Tj ET Q q 0 0 0 rg BT 469.17 52.90 Td (consumer ) Tj ET Q q 0 0 0 rg BT 515.40 52.90 Td (debt, ) Tj ET Q q 0 0 0 rg BT 540.56 52.90 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 39.70 Td (ef) Tj ET Q q 0 0 0 rg BT 66.35 39.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 85.18 39.70 Td (of ) Tj ET Q q 0 0 0 rg BT 96.69 39.70 Td (weather ) Tj ET Q q 0 0 0 rg BT 133.84 39.70 Td (and ) Tj ET Q q 0 0 0 rg BT 152.07 39.70 Td (other ) Tj ET Q q 0 0 0 rg BT 177.02 39.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 209.29 39.70 Td (identified ) Tj ET Q q 0 0 0 rg BT 253.79 39.70 Td (in ) Tj ET Q q 0 0 0 rg BT 264.69 39.70 Td (documents ) Tj ET Q q 0 0 0 rg BT 314.69 39.70 Td (filed ) Tj ET Q q 0 0 0 rg BT 337.20 39.70 Td (by ) Tj ET Q q 0 0 0 rg BT 350.54 39.70 Td (the ) Tj ET Q q 0 0 0 rg BT 366.33 39.70 Td (company ) Tj ET Q q 0 0 0 rg BT 408.99 39.70 Td (with ) Tj ET Q q 0 0 0 rg BT 430.89 39.70 Td (the ) Tj ET Q q 0 0 0 rg BT 446.68 39.70 Td (Securities ) Tj ET Q q 0 0 0 rg BT 492.40 39.70 Td (and ) Tj ET Q q 0 0 0 rg BT 510.63 39.70 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 108.62 688.60 Td (A) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 115.96 688.60 Td ( ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 118.58 688.60 Td (webcast ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 156.63 688.60 Td (of ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 168.41 688.60 Td (Macy's, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 205.09 688.60 Td (Inc.) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 224.94 688.60 Td (s ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 231.84 688.60 Td (call ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 250.34 688.60 Td (with ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 272.52 688.60 Td (analysts ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 310.58 688.60 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 329.08 688.60 Td (investors ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 371.42 688.60 Td (will ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 391.15 688.60 Td (be ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 404.16 688.60 Td (held ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 425.72 688.60 Td (today ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 452.78 688.60 Td (\(May ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 479.22 688.60 Td (15, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 495.60 688.60 Td (2019\) ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 523.88 688.60 Td (at ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 534.44 688.60 Td (9:30 ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 675.40 Td (a.m. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 79.39 675.40 Td (ET) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 92.01 675.40 Td (. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 97.03 675.40 Td (The ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 116.58 675.40 Td (webcast, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 157.20 675.40 Td (along ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 184.08 675.40 Td (with ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 206.09 675.40 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 221.97 675.40 Td (associated ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 269.62 675.40 Td (presentation, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 328.58 675.40 Td (is ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 338.36 675.40 Td (accessible ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 385.40 675.40 Td (to ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 396.40 675.40 Td (the ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 412.28 675.40 Td (media ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 441.61 675.40 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 459.94 675.40 Td (general ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 494.75 675.40 Td (public ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 524.69 675.40 Td (via ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 540.58 675.40 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 58.00 662.20 Td (company's ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 109.13 662.20 Td (website ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 147.29 662.20 Td (at ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 159.78 662.20 Td (www) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 182.89 662.20 Td (.macysinc.com. ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 255.17 662.20 Td (Analysts ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 298.22 662.20 Td (and ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 318.65 662.20 Td (investors ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 362.93 662.20 Td (may ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 386.42 662.20 Td (call ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 406.84 662.20 Td (in ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 419.95 662.20 Td (on ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 435.50 662.20 Td (1-888-254-3590, ) Tj ET Q q 0.10588235294117647 0.10588235294117647 0.10588235294117647 rg BT 514.29 662.20 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 /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 58 581.278564453125 m 99.55078125 581.278564453125 l s q 0 0 0 rg BT 58.00 583.00 Td (Contacts) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 99.55 583.00 Td (:) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 569.80 Td (Media Blair) Tj ET Q q 0 0 0 rg BT 122.57 569.80 Td ( Fasbender) Tj ET Q q 0 0 0 rg BT 174.62 569.80 Td ( Rosenberg) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 556.60 Td (646-429-6032) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 543.40 Td (media@macys.com) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 517.00 Td (Investors Mike McGuir) Tj ET Q q 0 0 0 rg BT 177.25 517.00 Td (e) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 503.80 Td (513-579-7780) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 58.00 490.60 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 154.3 713.73369140625 m 457.637890625 713.73369140625 l s q 0 0 0 rg BT 154.30 715.20 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 159.80 702.00 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 338.5 667.5 m 384.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 667.5 m 390.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 667.5 m 436.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 667.5 m 500.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 667.5 m 506.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 667.5 m 552.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 643.5 m 384.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 643.5 m 436.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 667.5 m 500.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 643.5 m 500.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 667.5 m 506.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 667.5 m 552.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 643.5 m 552.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 493.5 m 500.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 493.5 m 384.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 418.5 m 384.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 418.5 m 500.5 418.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 368.5 m 384.5 368.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 368.5 m 500.5 368.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 318.5 m 384.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 318.5 m 500.5 318.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 294.5 m 384.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 292.5 m 384.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 294.5 m 500.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 292.5 m 500.5 292.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 260.5 m 384.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 258.5 m 384.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 260.5 m 500.5 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 258.5 m 500.5 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 225.5 m 384.5 225.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 223.5 m 384.5 223.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 225.5 m 500.5 225.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 223.5 m 500.5 223.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.60 682.12 Td (13 ) Tj ET Q q 0 0 0 rg BT 366.01 682.12 Td (W) Tj ET Q q 0 0 0 rg BT 374.96 682.12 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 682.12 Td (13 ) Tj ET Q q 0 0 0 rg BT 482.01 682.12 Td (W) Tj ET Q q 0 0 0 rg BT 490.96 682.12 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.55 670.12 Td (May 4, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.55 670.12 Td (May 5, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 648.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 658.07 Td (% to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 648.07 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 648.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 658.07 Td (% to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 648.07 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 628.07 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 628.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 628.07 Td (5,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 628.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 628.07 Td (5,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 603.17 Td (Credit card revenues, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 603.17 Td (172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 603.17 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 603.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 603.17 Td (157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 603.17 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 603.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 573.17 Td (Cost of sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.80 573.22 Td (\(3,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 573.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.45 573.17 Td (\(61.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 573.17 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 573.22 Td (\(3,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 573.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.45 573.17 Td (\(61.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 573.17 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 549.07 Td (Selling, general and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.80 548.22 Td (\(2,1) Tj ET Q q 0 0 0 rg BT 370.63 548.22 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 548.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.45 548.17 Td (\(38.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 548.17 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 548.22 Td (\(2,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 548.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.45 548.17 Td (\(37.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 548.17 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 524.07 Td (Gains on sale of real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 523.17 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 523.17 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 523.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 523.17 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 523.17 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 523.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 499.07 Td (Impairment and other costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.30 498.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 498.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 498.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 498.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 498.22 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 498.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 498.17 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 498.17 Td (%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 474.07 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 473.17 Td (203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 473.17 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 473.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 473.17 Td (238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 473.17 Td (4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 473.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 449.07 Td (Benefit plan income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 448.17 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 448.17 Td (1) Tj ET Q q 0 0 0 rg BT 491.65 448.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 424.07 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 423.22 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 423.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 423.22 Td (\(66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 423.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 399.07 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 398.17 Td (163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 398.17 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 374.07 Td (Federal, state and local income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 373.22 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 373.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.30 373.22 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 373.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 349.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 348.17 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 348.17 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 324.07 Td (Net loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 323.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 323.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 299.07 Td (Net income attributable to Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 298.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 298.17 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 298.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 298.17 Td (139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 274.07 Td (Basic earnings per share attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 264.07 Td ( Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 264.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 264.17 Td (0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 264.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 264.17 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 240.07 Td (Diluted earnings per share attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 230.07 Td ( Macy's, Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 229.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 229.17 Td (0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 229.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 229.17 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 205.07 Td (A) Tj ET Q q 0 0 0 rg BT 67.48 205.07 Td (verage common shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 190.07 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 189.17 Td (309.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 189.17 Td (306.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 175.07 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 174.17 Td (31) Tj ET Q q 0 0 0 rg BT 368.15 174.17 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 174.17 Td (309.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 150.07 Td (End of period common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 149.17 Td (308.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 149.17 Td (306.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 125.07 Td (Supplemental Financial Measures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 110.07 Td (Gross Mar) Tj ET Q q 0 0 0 rg BT 109.40 110.07 Td (gin \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 109.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 109.17 Td (2,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 110.07 Td (38.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 110.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 109.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 109.17 Td (2,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 110.07 Td (39.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 110.07 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 95.07 Td (Depreciation and amortization expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.00 94.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 94.17 Td (236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 94.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 94.17 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 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 383.80 667.17 Td (May 4,) 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 511.80 667.17 Td (May 5,) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 612.17 Td (737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 612.17 Td ($) 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 (1,531) 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 (237) 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 (250) 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 (5,498) 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 (5,291) 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 (633) 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 (638) 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 (7,105) 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 (7,710) 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 (6,499) 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 (6,575) 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 (2,631) 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 (441) 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 (486) 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 (712) 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 (889) 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 (21,296) 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 (19,568) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 375.17 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 375.17 Td ($) 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 (25) 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 (1,950) 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 (2,045) 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 (2,846) 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 (2,695) 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 407.65 330.17 Td (182) 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 535.65 330.17 Td (312) 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 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restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 181.12 Td (\(433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 181.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 181.07 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 167.07 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 459.15 167.07 Td (1,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 167.07 Td (1,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 147.07 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 428.00 147.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 147.07 Td (815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 147.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 147.07 Td (1,580) 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 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 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 460.28 662.40 Td (13 weeks ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 530.53 662.40 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 649.20 Td (May4, 2019) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 131.91 649.20 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 153.30 649.20 Td (May5, 2018) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 209.21 649.20 Td ( \(which do not include the Christmas season\) are not necessarily indicative of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 636.00 Td (such results for the fiscal year) Tj ET Q q 0 0 0 rg BT 207.04 636.00 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 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 159.09 609.60 Td (13 weeks ended) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 229.34 609.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 232.09 609.60 Td (May4, 2019) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 288.00 609.60 Td ( reflect the adoption of ) Tj ET Q q 0 0 0 rg BT 390.33 609.60 Td (Accounting Standards Update ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 596.40 Td (2016-02 \(ASU 2016-02\), Leases, on February 3, 2019, utilizing the modified retrospective approach which ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 583.20 Td (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 $78 million and $49 million have been included with cash and cash equivalents for the 13 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 517.20 Td (weeks ended May 4, 2019 and May 5, 2018, respectively) Tj ET Q q 0 0 0 rg BT 326.39 517.20 Td (. Further) Tj ET Q q 0 0 0 rg BT 366.58 517.20 Td (, reclassifications were made to certain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.00 504.00 Td (prior period's amounts to conform with the classifications of such amounts in the most recent period.) Tj ET Q 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 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 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 636.00 Td (basis, which includes 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 58.00 622.80 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 58.00 609.60 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 58.00 596.40 Td (operated. Earnings before interest, taxes, depreciation and amortization \(EBITDA\) is a non-GAAP) Tj ET Q q 0 0 0 rg BT 491.95 596.40 Td ( financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 583.20 Td (measure which the company believes provides meaningful information about its operational ef) Tj ET Q q 0 0 0 rg BT 474.15 583.20 Td (ficiency by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 570.00 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 58.00 556.80 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 58.00 543.60 Td (attributable to Macy's, Inc. shareholders that are not associated with the company) Tj ET Q q 0 0 0 rg BT 418.89 543.60 Td (s core operations and that may ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 530.40 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 58.00 517.20 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 58.00 504.00 Td (between past and future periods. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 477.60 Td (The reconciliation of the forward-looking non-GAAP) Tj ET Q q 0 0 0 rg BT 293.72 477.60 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 58.00 464.40 Td (owned plus licensed basis to GAAP) Tj ET Q q 0 0 0 rg BT 215.55 464.40 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 58.00 451.20 Td (illustrated below) Tj ET Q q 0 0 0 rg BT 130.91 451.20 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 58.00 438.00 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 58.00 424.80 Td (looking GAAP) Tj ET Q q 0 0 0 rg BT 123.90 424.80 Td ( measure of diluted earnings per share attributable to Macy) Tj ET Q q 0 0 0 rg BT 386.28 424.80 Td (s, Inc. shareholders excluding certain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 411.60 Td (items because the timing and amount of excluded items are unreasonably dif) Tj ET Q q 0 0 0 rg BT 394.72 411.60 Td (ficult to fully and accurately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 398.40 Td (estimate. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 372.00 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 110.15 372.00 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 538.59 372.00 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 358.80 Td (the company's financial results prepared in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 351.99 358.80 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 58.00 345.60 Td (included in non-GAAP) Tj ET Q q 0 0 0 rg BT 159.64 345.60 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 58.00 332.40 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 58.00 319.20 Td (actual and future financial condition and performance. ) Tj ET Q q 0 0 0 rg BT 299.29 319.20 Td (Additionally) Tj ET Q q 0 0 0 rg BT 354.18 319.20 Td (, the amounts received by the company on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 306.00 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 530.05 306.00 Td (The ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 292.80 Td (methods used by the company to calculate its non-GAAP) Tj ET Q q 0 0 0 rg BT 309.93 292.80 Td ( financial measures may dif) Tj ET Q q 0 0 0 rg BT 431.30 292.80 Td (fer significantly from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 279.60 Td (methods used by other companies to compute similar measures. ) Tj ET Q q 0 0 0 rg BT 340.88 279.60 Td (As a result, any non-GAAP) Tj ET Q q 0 0 0 rg BT 461.77 279.60 Td ( financial measures ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 266.40 Td (presented herein may not be comparable to similar measures provided by other companies.) 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 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 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 480.5 575.1 m 553.5 575.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 546.1 m 553.5 546.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 544.1 m 553.5 544.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.10 648.77 Td (13 ) 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 491.05 638.77 Td (May 4, 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 532.15 608.77 Td (0.6) 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 60.00 579.77 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 532.15 579.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 579.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 549.77 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 532.15 549.77 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 549.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 520.40 Td (Notes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 496.40 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 496.40 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 76.00 484.40 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 76.00 472.40 Td (parties. Stores impacted by a natural disaster or under) Tj ET Q q 0 0 0 rg BT 290.47 472.40 Td (going significant expansion or shrinkage remain in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 460.40 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 76.00 448.40 Td (Definitions and calculations of comparable sales may dif) Tj ET Q q 0 0 0 rg BT 303.25 448.40 Td (fer among companies in the retail industry) Tj ET Q q 0 0 0 rg BT 471.99 448.40 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 424.40 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 424.40 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 76.00 412.40 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 76.00 400.40 Td (sales. ) Tj ET Q q 0 0 0 rg BT 100.26 400.40 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 76.00 388.40 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 76.00 376.40 Td (conformity with GAAP) Tj ET Q q 0 0 0 rg BT 169.33 376.40 Td (, the company includes these commissions \(rather than sales of the departments licensed to third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 364.40 Td (parties\) in its net sales. ) Tj ET Q q 0 0 0 rg BT 169.69 364.40 Td (The company does not, however) Tj ET Q q 0 0 0 rg BT 299.53 364.40 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 76.00 352.40 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 447.75 352.40 Td ( \(i.e., on an owned basis\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 340.40 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 76.00 328.40 Td (the periods presented.) 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 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. shareholders.) 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 297.5 489.9 m 422.5 489.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 489.9 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 297.5 425.9 m 422.5 425.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 425.9 m 554.5 425.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 395.9 m 422.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 381.9 m 422.5 381.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 379.9 m 422.5 379.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 395.9 m 554.5 395.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 381.9 m 554.5 381.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 379.9 m 554.5 379.9 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.10 509.57 Td (13 ) Tj ET Q q 0 0 0 rg BT 338.51 509.57 Td (W) Tj ET Q q 0 0 0 rg BT 347.46 509.57 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 509.57 Td (13 ) Tj ET Q q 0 0 0 rg BT 470.51 509.57 Td (W) Tj ET Q q 0 0 0 rg BT 479.46 509.57 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.05 494.57 Td (May 4, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.05 494.57 Td (May 5, 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 300.00 475.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 475.57 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 475.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 475.57 Td (139) 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 408.65 460.57 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 460.57 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 445.57 Td (Federal, state and local income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 445.57 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 445.57 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 430.57 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 430.57 Td (236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 430.57 Td (235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 415.57 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 415.57 Td (446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 415.57 Td (492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 400.57 Td (Impairment and other costs \(Note 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 400.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 400.57 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 385.57 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 385.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 385.57 Td (447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 385.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 385.57 Td (505) Tj ET Q BT /F1 10.00 Tf ET BT /F3 11.00 Tf ET q 0 0 0 rg BT 58.00 346.00 Td (Adjusted Net Income and ) Tj ET Q q 0 0 0 rg BT 171.44 346.00 Td (Adjusted Diluted Earnings Per Shar) Tj ET Q q 0 0 0 rg BT 330.52 346.00 Td (e ) Tj ET Q q 0 0 0 rg BT 337.96 346.00 Td (Attributable to Macy's, Inc. Shar) Tj ET Q q 0 0 0 rg BT 481.66 346.00 Td (eholders) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 305.5 m 366.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 305.5 m 373.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 305.5 m 422.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 305.5 m 498.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 305.5 m 505.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 305.5 m 554.5 305.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 257.5 m 366.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 257.5 m 422.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 257.5 m 498.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 257.5 m 554.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 257.5 m 366.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 257.5 m 422.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 257.5 m 498.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 257.5 m 554.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 212.5 m 366.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 198.5 m 366.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 196.5 m 366.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 212.5 m 422.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 198.5 m 422.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 196.5 m 422.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 212.5 m 498.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 198.5 m 498.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 196.5 m 498.5 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 212.5 m 554.5 212.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 198.5 m 554.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 196.5 m 554.5 196.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.10 325.17 Td (13 ) Tj ET Q q 0 0 0 rg BT 338.51 325.17 Td (W) Tj ET Q q 0 0 0 rg BT 347.46 325.17 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 325.17 Td (13 ) Tj ET Q q 0 0 0 rg BT 470.51 325.17 Td (W) Tj ET Q q 0 0 0 rg BT 479.46 325.17 Td (eeks Ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.05 310.17 Td (May 4, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.05 310.17 Td (May 5, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 292.07 Td (Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.20 282.07 Td (Attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.10 272.07 Td (Macy's, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.35 262.07 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 282.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.70 272.17 Td (Earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.20 262.17 Td (Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 292.07 Td (Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.20 282.07 Td (Attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.10 272.07 Td (Macy's, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.35 262.07 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 282.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 272.17 Td (Earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.20 262.17 Td (Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 247.17 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 247.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 247.17 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 247.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 247.17 Td (0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 247.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 247.17 Td (139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 247.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 247.17 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 232.17 Td (Impairment and other costs \(Note 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.65 232.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 232.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 232.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 232.17 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 217.17 Td (Income tax impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 217.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 217.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 217.22 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 217.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.80 217.22 Td (\(0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 217.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 202.17 Td (As adjusted to exclude certain item above) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 202.17 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 202.17 Td (0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 202.17 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.00 202.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.15 202.17 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 172.80 Td (Note 7: ) Tj ET Q q 0 0 0 rg BT 93.24 172.80 Td (The above pre-tax adjustment for the 13 weeks ended May 5, 2018 excludes impairment and other costs ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.00 159.60 Td (attributable to the noncontrolling interest shareholder of $6 million.) 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