Macy's (M) August Comps Up 2.4%; Sees Sept Comps Down 1%-3%

September 6, 2007 8:03 AM EDT
Macy's, Inc. (NYSE: M) said on a same-store basis, Macy's, Inc. sales were up 2.4 percent in August. This exceeds the company's guidance for August same-store sales to be in the range of down 1 percent to up 2 percent.

Macy's, Inc. expects same-store sales to be down 1 to 3 percent in September. The company continues to expect same-store sales in the range of down 1 percent to up 1 percent for the third quarter of 2007.

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Guidance, Retail Sales