Macy's (M) Posts Q1 EPS of 55c; Comps Up 3.8%; Boosts Dividend 25%, Raises Buyback
Tweet
Share
E-mail
Get Alerts M Hot Sheet
Price: $18.86 -0.84%
EPS Growth %: -73.2%
Financial Fact:
Operating income: 107M
Today's EPS Names:
CP, RUSHA, SEIC, More
EPS Growth %: -73.2%
Financial Fact:
Operating income: 107M
Today's EPS Names:
CP, RUSHA, SEIC, More
Join SI Premium – FREE
(Updated - May 15, 2013 8:11 AM EDT)
Macy's (NYSE: M) reported Q1 EPS of $0.55, versus the analyst estimate of $0.53. Revenue for the quarter came in at $6.39 billion versus the consensus estimate of $6.39 billion.
Comps up 3.8 percent. Operating income improved 6.8 percent to $435 million.
“The first quarter demonstrated our ability to continue to build on our success over the past few years in growing sales and earnings. Based on the effectiveness of strategies we have in place, we are confident that momentum will continue going forward, which is reflected in the actions we are announcing today to increase returns to our shareholders through an increased dividend and share repurchases,” said Terry Lundgren, Macy’s, Inc. chairman, president and chief executive officer.
Macy's announced a 25 percent increase in its dividend to 25 cents. The company also added $1.5 billion to its share repurchase authorization for a total of $2.6 billion approved.
Looking ahead, Macy's affirmed FY13 comps and EPS expectations.
For earnings history and earnings-related data on Macys (M) click here.
Macy's (NYSE: M) reported Q1 EPS of $0.55, versus the analyst estimate of $0.53. Revenue for the quarter came in at $6.39 billion versus the consensus estimate of $6.39 billion.
Comps up 3.8 percent. Operating income improved 6.8 percent to $435 million.
“The first quarter demonstrated our ability to continue to build on our success over the past few years in growing sales and earnings. Based on the effectiveness of strategies we have in place, we are confident that momentum will continue going forward, which is reflected in the actions we are announcing today to increase returns to our shareholders through an increased dividend and share repurchases,” said Terry Lundgren, Macy’s, Inc. chairman, president and chief executive officer.
Macy's announced a 25 percent increase in its dividend to 25 cents. The company also added $1.5 billion to its share repurchase authorization for a total of $2.6 billion approved.
Looking ahead, Macy's affirmed FY13 comps and EPS expectations.
For earnings history and earnings-related data on Macys (M) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amphenol (APH) Reports Q1, Announces $2B Share Buyback
- Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
- Canadian Pacific Kansas City (CP) Tops Q1 EPS by 93c
Create E-mail Alert Related Categories
Dividends, Earnings, Hot Buybacks, Hot Corp. News, Hot Dividends, Hot Earnings, Management Comments, Retail Sales, Stock BuybacksRelated Entities
Dividend, Stock Buyback, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
