Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Nov. 02, 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
	November 2, 2019					November 3, 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	$	2			308.9	$	62			307.2
Shares to be issued under deferred compensation and other plans					1.0					0.9
	$	2			309.9	$	62			308.1
Basic earnings per share attributable to Macy's, Inc. shareholders			$	0.01				$	0.20
Effect of dilutive securities:
Stock options and restricted stock units					1.1					4.1
	$	2			311.0	$	62			312.2
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	0.01				$	0.20



	39 Weeks Ended
	November 2, 2019					November 3, 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	$	224			308.7	$	368			306.6
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	224			309.6	$	368			307.5
Basic earnings per share attributable to Macy's, Inc. shareholders			$	0.72				$	1.20
Effect of dilutive securities:
Stock options and restricted stock units					1.7					3.7
	$	224			311.3	$	368			311.2
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	0.72				$	1.18

In addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 19.4 million shares of common stock and restricted stock units relating to 1.9 million shares of common stock were outstanding at November 2, 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 12.7 million shares of common stock and restricted stock units relating to 1.4 million shares of common stock were outstanding at November 3, 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.