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EX-99.1 - PRESS RELEASE DATED 11-11-2009 - Macy's, Inc. | esexhibit9912.htm |
UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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FORM 8-K |
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CURRENT REPORT |
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Pursuant to Section 13 or 15(d) of the |
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Securities Exchange Act of 1934 |
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Date of Report (Date of earliest event reported): November 11, 2009 |
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MACY'S, INC. |
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7 West Seventh Street, Cincinnati, Ohio 45202 |
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-and- |
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151 West 34th Street, New York, New York 10001 |
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Delaware |
1-13536 |
13-3324058 |
(State of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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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: |
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[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 2.02. |
Results of Operations and Financial Condition. |
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On November 11, 2009, Macy's, Inc.
("Macy's") issued a press release announcing Macy's financial condition and
results of operations for the 13 and 39 weeks ended October 31, 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
diluted earnings (loss) per share, operating
income and operating income as a percent of sales, excluding certain items.
The excluded items include restructuring-related
costs associated with division consolidations and localization initiatives
announced in February 2009, restructuring-related costs associated with
division consolidations and localization initiatives announced in February
2008, and asset impairment charges associated with acquired indefinite lived
private brand tradenames. Management believes that
diluted earnings (loss) per share, operating
income and operating income as a percent of sales, excluding certain items,
are useful measures in evaluating Macy's ability to generate earnings from
operations and that providing such measures 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, restructuring-related
costs associated with division consolidations and localization initiatives
announced in February 2008, and asset impairment charges associated with
acquired indefinite lived private brand tradenames from these
calculations 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.
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Item 9.01. |
Financial Statements and Exhibits. |
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(d) |
Exhibits |
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99.1 |
Press Release of Macy's dated November 11, 2009. |
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MACY'S, INC. |
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SIGNATURE |
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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. |
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MACY'S, INC. |
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Dated: November 12, 2009 |
By: /s/ Dennis J. Broderick |
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Name: Dennis J. Broderick |
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Title: Executive Vice President, General Counsel and Secretary |
Index to Exhibits |
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Index Number |
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99.1 |
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Press Release of Macy's dated November 11, 2009. |
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