Filing Flows › Macy's (M) › Q1 FY27 › vs Q4 FY26
Macy's (M) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Macy's's revenue fell $3.0B (-38%) from $7.9B in Q4 FY26 to $4.9B in Q1 FY27. Operating margin 2.3% against 9.4% (-7.1 pts).
Macy's, Q1 FY27: revenue $4.9B (+2% year over year), operating margin 2.3%, net earnings $63.0M, operating cash flow $292M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Operating margin | 2.3% | 9.4% | -7.1 pts |
| Net margin | 1.3% | 6.4% | -5.1 pts |
| Free cash flow margin | 4.2% | 13.7% | -9.5 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $4.9B | $7.9B | −$3.0B | -38% |
| Operating profit | $112M | $745M | −$633M | -85% |
| Costs & expenses | $4.8B | $7.2B | −$2.4B | -33% |
| Pre-tax earnings | $93.0M | $662M | −$569M | -86% |
| Other expense, net | $19.0M | $83.0M | −$64.0M | -77% |
| Net earnings | $63.0M | $507M | −$444M | -88% |
| Income tax | $30.0M | $155M | −$125M | -81% |
| Depreciation & amortization | $210M | $222M | −$12.0M | -5% |
| Share-based compensation | $14.0M | $16.0M | −$2.0M | -12% |
| Working capital & other | $5.0M | $438M | −$433M | -99% |
| Operating cash flow | $292M | $1.2B | −$891M | -75% |
| Free cash flow (OCF − capex) | $204M | $1.1B | −$878M | -81% |
| Capital expenditures | $88.0M | $101M | −$13.0M | -13% |
Questions
How much did Macy's's revenue grow quarter over quarter in Q1 FY27?
Macy's's revenue fell $3.0B (-38%) from $7.9B in Q4 FY26 to $4.9B in Q1 FY27. Operating margin 2.3% against 9.4% (-7.1 pts).