Start Time: 08:00 January 1, 0000 9:16 AM ET

Macy's, Inc. (NYSE:M)

Q4 2023 Earnings Conference Call

February 27, 2024, 08:00 AM ET

Company Participants

Tony Spring - CEO and Chair-Elect

Adrian Mitchell - COO and CFO

Pamela Quintiliano - VP, IR

Conference Call Participants

Matthew Boss - JPMorgan

Oliver Chen - TD Cowen

Brooke Roach - Goldman Sachs

Blake Anderson - Jefferies

Paul Lejuez - Citi

Dana Telsey - Telsey Advisory Group

Michael Binetti - Evercore ISI

Robert Drbul - Guggenheim Securities

Alex Straton - Morgan Stanley

Chuck Grom - Gordon Haskett

Operator

Greetings, and welcome to the Macy's, Inc. Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this call is being recorded.

I would now like to turn the call over to Pamela Quintiliano, Vice President of Investor Relations. Ms. Quintiliano, you may now begin.

Pamela Quintiliano

Thank you, operator. Good morning, everyone, and thanks for joining us. With me on the call today are Tony Spring, our CEO; and Adrian Mitchell, our COO and CFO. Along with our fourth quarter 2023 press release, a presentation has been posted on the Investors section of our website, macysinc.com, and is being displayed live during today's webcast.

Unless otherwise noted, the comparisons we provide will be versus 2022. Comparisons to 2019 are provided where appropriate to best benchmark performance. All references to our prior expectations, outlook or guidance refer to information provided on the November 16 earnings call, unless otherwise noted.

All forward-looking statements are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions mentioned today. A detailed discussion of these factors and uncertainties is contained in our filings with the Securities and Exchange Commission.

In discussing the results of our operations, we will be providing certain non-GAAP financial measures. You can find additional information regarding these non-GAAP financial measures as well as others viewed on the Investors section of our website. Today's call is being webcast on our website. A replay will be available approximately two hours after the conclusion of this call.

With that, I'll turn it over to Tony.

Tony Spring

Thanks, Pam. It's great to be here on my first call as CEO. We have a lot to cover this morning, including our fourth quarter results, our outlook for fiscal 2024 and our strategy, A Bold New Chapter, which is designed to accelerate financial improvement and deliver sustainable, profitable growth.