Online sales zoom 40.4% at Macy's in Q3 FY'12

Operating Income

Macy’s, Inc.’s operating income totaled $325 million or 5.4 percent of sales for the quarter ended Oct. 27, 2012, compared with operating income of $291 million or 5.0 percent of sales for the same period last year. For the first three quarters of 2012, Macy’s, Inc.’s operating income totaled $1.270 billion or 6.9 percent of sales, compared with operating income of $1.127 billion or 6.4 percent of sales for the same period last year.

Cash Flow

Net cash provided by operating activities was $889 million in the first three quarters of 2012, compared with $627 million in the first three quarters of 2011.

Net cash used by investing activities in the first three quarters of 2012 was $615 million, compared with $472 million a year ago. Net cash used by financing activities in the first three quarters of 2012 was $1.837 billion, compared with net cash used by financing activities in the first three quarters of 2011 of $522 million.

The company repurchased approximately 10.3 million shares of its common stock for a total of approximately $403 million in the third quarter of 2012. In the fiscal year to date, the company repurchased approximately 26.3 million shares of its common stock for approximately $991 million.

At Oct. 27, 2012, the company had remaining authorization to repurchase up to approximately $361 million of its common stock. The company previously stated that it plans to repurchase at least $1 billion in shares in fiscal 2012 under its repurchase program.

Macy's Inc