UPDATE: Macys (M) Tops Q4 EPS by 6c; FY12 Comps Up 3.7%
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Price: $18.46 -1.44%
EPS Growth %: -73.2%
Financial Fact:
Cost of sales: -3.39B
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: -73.2%
Financial Fact:
Cost of sales: -3.39B
Today's EPS Names:
FRSB, DGICA, UXIN, More
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(Updated - February 26, 2013 8:57 AM EST)
Macys (NYSE: M) reported Q4 EPS of $2.05, $0.06 better than the analyst estimate of $1.99. Revenue for the quarter came in at $9.35 billion versus the consensus estimate of $9.3 billion.
Fourth-quarter comps rose 3.9 percent.
Online sales (macys.com and bloomingdales.com combined) rose 47.7 percent in the fourth quarter and 41.0 percent for fiscal 2012. Online sales provided a 3.3 point boost to comps in the quarter.
Adjusted operating income for the fourth quarter of 2012 was $1.396 billion or 14.9 percent of sales, up 0.5 points from last year.
Comp sales rose by 3.7 percent for the year, on top of increases of 5.3 percent in 2011 and 4.6 percent in 2010.
The company sees FY13 EPS of $3.90 to $3.95, versus the consensus of $3.41. CapEx expected to be about $925 million.
"Going into 2013, our team is moving ahead with new plans and actions to sharpen our approach to localized merchandise assortments and marketing, which we continue to believe is Macy’s sustainable competitive advantage," commented CEO Terry J. Lundgren. "We are accelerating progress in omnichannel strategies at Macy’s and Bloomingdale’s to bring together our efforts in stores, online and mobile in a manner that satisfies emerging shopping patterns and capitalizes on the strength of our inventory regardless of where the customer demand occurs."
For earnings history and earnings-related data on Macys (M) click here.
Macys (NYSE: M) reported Q4 EPS of $2.05, $0.06 better than the analyst estimate of $1.99. Revenue for the quarter came in at $9.35 billion versus the consensus estimate of $9.3 billion.
Fourth-quarter comps rose 3.9 percent.
Online sales (macys.com and bloomingdales.com combined) rose 47.7 percent in the fourth quarter and 41.0 percent for fiscal 2012. Online sales provided a 3.3 point boost to comps in the quarter.
Adjusted operating income for the fourth quarter of 2012 was $1.396 billion or 14.9 percent of sales, up 0.5 points from last year.
Comp sales rose by 3.7 percent for the year, on top of increases of 5.3 percent in 2011 and 4.6 percent in 2010.
The company sees FY13 EPS of $3.90 to $3.95, versus the consensus of $3.41. CapEx expected to be about $925 million.
"Going into 2013, our team is moving ahead with new plans and actions to sharpen our approach to localized merchandise assortments and marketing, which we continue to believe is Macy’s sustainable competitive advantage," commented CEO Terry J. Lundgren. "We are accelerating progress in omnichannel strategies at Macy’s and Bloomingdale’s to bring together our efforts in stores, online and mobile in a manner that satisfies emerging shopping patterns and capitalizes on the strength of our inventory regardless of where the customer demand occurs."
For earnings history and earnings-related data on Macys (M) click here.
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