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Macy's, Inc. (M) CEO Jeff Gennette on Q4 2021 Results - Earnings Call Transcript

Feb. 22, 2022 12:33 PM ETMacy's, Inc. (M) Stock
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Macy's, Inc. (NYSE:M) Q4 2021 Earnings Conference Call February 22, 2022 8:00 AM ET

Company Participants

Mike McGuire - Head of Investor Relations

Jeff Gennette - Chairman and CEO

Adrian Mitchell - CFO

Conference Call Participants

Matthew Boss - JPMorgan

Lorraine Hutchinson - Bank of America

Omar Saad - Evercore ISI

Kimberly Greenberger - Morgan Stanley

Paul Lejuez - Citigroup

Oliver Chen - Cowen and Company

Michael Binetti - Credit Suisse

Charles Grom - Gordon Haskett

Dana Telsey - Telsey Advisory Group

Blake Anderson - Jefferies


Good morning, and welcome to Macy's, Inc. Fourth Quarter 2021 Earnings Conference Call. Today, our 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 to discuss our fourth quarter and full year 2021 results. With me on the call are Jeff Gennette, our Chairman and CEO; and Adrian Mitchell, our CFO. Jeff and Adrian have prepared remarks that they'll share. After which, we'll provide time for questions. Given the time constraints and the number of participants, we ask that you please limit your questions to 1. As a reminder, today's call is scheduled for 90 minutes. Along with our press release, we have posted a slide presentation on the Investors section of our website, macysinc.com.

In addition to information from our prepared remarks, the presentation includes additional facts and figures to assist your analysis of Macy's. Also note that given the pandemic's impact on 2020 results, unless otherwise noted, the comparisons that we'll speak to this morning will be versus 2019 as we feel that benchmarks our performance more appropriately.

We noted in our press release this morning that on Wednesday, March 9 at 9:00 a.m. Eastern

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