Macy's updated its financial disclosure metrics to align with its "A Bold New Chapter" growth strategy. These changes emphasize "go-forward" business operations.
New metrics focus on owned, licensed, and marketplace (OLM) sales. The company will also report total revenue for continuing business segments.
Macy's revised non-GAAP definitions for Adjusted EBIT and EPS. These metrics now exclude real estate sale gains. They also exclude benefit plan income to reflect core retail performance.
The company recast historical data to ensure consistent comparisons.