Operating IncomeMacy’s, Inc.’s operating income totaled $1.391 billion for the 14-week quarter ended Feb. 2, 2013, compared with operating income of $1.284 billion for the 13-week fourth quarter of fiscal 2011. Macy’s, Inc.’s fourth quarter 2012 operating income included expenses of $5 million primarily associated with store closings. Excluding these costs, operating income for the fourth quarter of 2012 was $1.396 billion or 14.9 percent of sales. Fourth quarter 2011 operating income included gains of $54 million from the sale of store leases and costs of $29 million associated primarily with store closings. Excluding these gains and costs, operating income for the fourth quarter of 2011 was $1.259 billion or 14.4 percent of sales.
Macy’s, Inc. Reports Its Fourth Consecutive Year Of Double-Digit Growth In Earnings Per Share
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