Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

May 04, 2019

Earnings Per Share Attributable to Macy's, Inc. Shareholders

The following tables set forth the computation of basic and diluted earnings per share attributable to Macy's, Inc. shareholders:



	13 Weeks Ended
	May 4, 2019					May 5, 2018
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income attributable to Macy's, Inc. shareholders and average number of shares outstanding	$	136			308.2	$	139			305.7
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	136			309.1	$	139			306.6
Basic earnings per share attributable to Macy's, Inc. shareholders			$	0.44				$	0.45
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					2.3					2.8
	$	136			311.4	$	139			309.4
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	0.44				$	0.45

In addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 16.9 million shares of common stock and restricted stock units relating to 2.2 million shares of common stock were outstanding at May 4, 2019, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.

In addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 15.7 million shares of common stock and restricted stock units relating to 2.5 million shares of common stock were outstanding at May 5, 2018, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.