Macy's, Inc. (M) CEO Jeff Gennette on Q1 2021 Results - Earnings Call Transcript

May 18, 2021 3:29 PM ETMacy's, Inc. (M)
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Macy's, Inc. (NYSE:M) Q1 2021 Earnings Conference Call May 18, 2021 8:00 AM ET

Company Participants

Jeff Gennette - Chairman and CEO

Adrian Mitchell - CFO

Mike McGuire - Head of IR

Conference Call Participants

Matthew Boss - JPMorgan

Lorraine Hutchinson - Bank of America Merrill Lynch

Jay Sole - UBS

Omar Saad - Evercore

Dana Telsey - Telsey Advisory Group

Jenna Giannelli - Goldman Sachs

Carla Casella - JPMorgan

Tracy Kogan - Citi

Gabriella Carbone - Deutsche Bank

Garrett Greenblatt - Gordon Haskett

Oliver Chen - Cowen & Co.

Corey Grady - Jefferies


Good morning, and welcome to Macy's First Quarter 2021 Earnings Conference Call. Today's hour-long conference is being recorded.

I would now like to turn the call over to Mike McGuire, Head of Investor Relations. Please go ahead.

Mike McGuire

Thank you, operator. Good morning, everyone, and thanks for joining us on this conference call to discuss our first quarter 2021 results. With me on the call today are Jeff Gennette, our Chairman and CEO; and Adrian Mitchell, our CFO. Jeff and Adrian have prepared remarks that they will share, after which we'll host a question-and-answer session. Given the time constraints and the number of people who want to participate, we ask that you please limit your questions to one.

In addition to this call and our press release, we have posted a slide presentation on the Investors section of our Web site, The presentation summarizes the information in our prepared remarks and includes some additional facts and figures. Also note that given the pandemic impact on 2020 results, most of the comparisons that we’ll speak to this morning will be versus 2019 as we feel that benchmarks our performance more appropriately.

I do have one housekeeping item to share. Adrian will be participating in a

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