Macy’s (M) Comps Up 3.4% in January; Raises Q4, FY09 EPS Outlook

February 4, 2010 7:33 AM EST
Macy’s, Inc. (NYSE: M) reports total sales for the month of January were $1.255 billion, up 3.4% from the same period last year. Same store sales rose 3.4%.

Raises its Q4 EPS guidance from $1.14-$1.18 to $1.35-$1.37, versus the consensus of $1.18.

Raises its FY09 EPS guidance from $1.15-$1.19 to $1.36-$1.38.

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Guidance, Hot List, Retail Sales