Macy's (M) Tops Q4 EPS by 47c; Guides Modeslty Below Views

Macy's (NYSE: M) reported Q4 EPS of $2.45, $0.47 better than the analyst estimate of $1.98. Revenue for the quarter came in at $8.1 billion versus the consensus estimate of $8.08 billion.

The company also said it will close approximately 150 underproductive locations through 2026.

GUIDANCE:

Macy's sees FY2024 EPS of $2.45-$2.85, versus the consensus of $2.76. Macy's sees FY2024 revenue of $22.2-22.9 billion, versus the consensus of $22.96 billion.

For earnings history and earnings-related data on Macy's (M) click here.

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