-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OV4pzEJoRAhHvjirJjZnqIoXZy/231RmiqjR0CdaGp/lmR0Pt2Cn6/34vuGArgTc u8DJ2UqKFFLICtmdeo2CoA== 0000794367-09-000152.txt : 20090806 0000794367-09-000152.hdr.sgml : 20090806 20090806142306 ACCESSION NUMBER: 0000794367-09-000152 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090806 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090806 DATE AS OF CHANGE: 20090806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Macy's, Inc. CENTRAL INDEX KEY: 0000794367 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 133324058 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13536 FILM NUMBER: 09991142 BUSINESS ADDRESS: STREET 1: 7 WEST SEVENTH STREET CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5135797000 MAIL ADDRESS: STREET 1: 7 W SEVENTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED DEPARTMENT STORES INC /DE/ DATE OF NAME CHANGE: 19950307 FORMER COMPANY: FORMER CONFORMED NAME: R H MACY & CO INC DATE OF NAME CHANGE: 19950307 FORMER COMPANY: FORMER CONFORMED NAME: MACY ACQUIRING CORP DATE OF NAME CHANGE: 19861124 8-K/A 1 es8ka080609.htm FORM 8-K/A FILED ON 08-06-09 _

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K/A

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

 

Date of Report:  August 6, 2009

 

 

 

MACY’S, INC.

 

7 West Seventh Street, Cincinnati, Ohio 45202
(513) 579-7000

 

-and-

 

151 West 34th Street, New York, New York 10001
(212) 494-1602

 

 

Delaware

1-13536

13-3324058

(State of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[   ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[   ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[   ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[   ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

Item 2.02.

Results of Operations and Financial Condition.

 


This Form 8-K/A amends and restates in its entirety the text of Item 2.02 of a Current Report on Form 8-K filed earlier today by Macy's, Inc. ("Macy's"), which contained errors in the description of the accompanying press release.


On August 6, 2009, Macy’s, Inc. (“Macy’s”) issued a press release announcing Macy’s sales for the fiscal quarter ended August 1, 2009.  The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


The press release referred to above contains certain non-GAAP financial measures of expected diluted earnings per share for the second quarter ended August 1, 2009, excluding restructuring-related costs associated with division consolidations and localization initiatives announced in February 2009.  Management believes that diluted earnings per share, excluding restructuring-related costs associated with division consolidations and localization initiatives announced in February 2009, is a useful measure in evaluating Macy’s ability to generate earnings from operations and that providing such a measure will allow investors to more readily compare the earnings referred to in the press release to the earnings provided by Macy’s in past and future periods.  Management believes that excluding restructuring-related costs associated with division consolidations and localization initiatives announced in February 2009 from this calculation is particularly useful where the amounts of such items are not consistent in the periods presented.  However, the reader is cautioned that any non-GAAP financial measures provided by Macy’s are provided in addition to, and not as alternatives for, Macy’s reported results prepared in accordance with GAAP.  Certain items that may have a significant impact on Macy’s financial position, results of operations and cash flows must be considered when assessing Macy’s actual financial condition and performance regardless of whether these items are included in these non-GAAP financial measures.  Additionally, the methods used by Macy’s to calculate its non-GAAP financial measures may differ significantly from methods used by other companies to compute similar measures.  As a result, any non-GAAP financial measures provided by Macy’s may not be comparable to similar measures provided by other companies.
 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits

 

 

 

 

 

99.1

Press Release of Macy’s dated August 6, 2009.

 

 

 

 

 

 

 


 

 

MACY’S, INC.

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

MACY’S, INC.

 

 

Dated:  August 6, 2009

By:  /s/ Dennis J. Broderick

 

Name:  Dennis J. Broderick

 

Title:  Executive Vice President, General Counsel and Secretary

 


 

Index to Exhibits

 

Index

Number

 

99.1                                          Press Release of Macy’s dated August 6, 2009.

 EX-99.1 2 esexhibit991.htm PRESS RELEASE DATED 08-06-09

 

                                                                                                                        Exhibit 99.1

 

           

 

                                                                                                                    macy's inc.

 

 

 

 

 

                    Contacts:

                                                                                                                    Media - Jim Sluzewski

                                                                                                                                   513/579-7764

                                                                                                                    Investor - Susan Robinson

                                                                                                                       513/579-7780

 

FOR IMMEDIATE RELEASE

 

MACY'S, INC. SAME-STORE SALES DOWN 10.7% IN JULY

Company expects Q2 earnings of 15 to 17 cents

per diluted share, excluding restructuring charges

 

CINCINNATI, Ohio, August 6, 2009 – Macy's, Inc. today reported total sales of $1.377 billion for the four weeks ended Aug. 1, 2009, a decrease of 10.7 percent compared with total sales of $1.543 billion in the four weeks ended Aug. 2, 2008. On a same-store basis, Macy's, Inc. sales also were down 10.7 percent in July.

 

For the second quarter of 2009, the company's total sales were $5.165 billion, a decrease of 9.7 percent compared to total sales of $5.718 billion in the same 13-week period last year. On a same-store basis, Macy's, Inc.'s second-quarter sales were down 9.5 percent.

 

For the year to date, Macy's, Inc. sales totaled $10.364 billion, down 9.6 percent from total sales of $11.465 billion in the first 26 weeks of 2008. On a same-store basis, Macy's, Inc.'s year-to-date sales were down 9.3 percent.

 

Online sales (macys.com and bloomingdales.com combined) were up 7.9 percent in July 2009, 9.4 percent in the second quarter and 12.7 percent for the year to date. Online sales positively affected the company's second quarter and year-to-date 2009 same-store sales by 0.5 percentage points. Online sales are included in the same-store sales calculation for Macy's, Inc.

 

Macy's, Inc. said it expects second quarter earnings of 15 cents to 17 cents per diluted share, excluding restructuring-related costs associated with division consolidations and localization initiatives announced in February 2009.

 

Macy's, Inc. is slated to report its second quarter earnings on 
Wednesday, Aug. 12, and will webcast a call with financial analysts
and investors that day at 10:30 a.m. (ET). Macy's, Inc.'s webcast is
accessible to the media and general public via the company's Web 
site at www.macysinc.com. Analysts and investors may call in on 
1-866-288-0541, passcode 3634510. A replay of the conference call
can be accessed on the Web site or by calling 1-888-203-1112 (same
passcode) about two hours after the conclusion of the call.

 

 

Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2008 sales of $24.9 billion. The company operates more than 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's. The company also operates macys.com and bloomingdales.com. Prior to June 1, 2007, Macy's, Inc. was known as Federated Department Stores, Inc.

 

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy's management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates, changes in expected synergies, cost savings and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, manufacturers' outlets, off-price and discount stores, new and established forms of home shopping (including the Internet, mail-order catalogs and television) and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.

 

#   #   #

 

(NOTE: Additional information on Macy's, Inc., including past news releases, is available at www.macysinc.com/pressroom).

 

 

 

 

 

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