UPDATE: Macy's (M) Affirms FY EPS Guidance But CFO Warns on Gross Margins

June 6, 2017 10:37 AM

(Updated - June 6, 2017 11:08 AM EDT)

Macy's (NYSE: M) reaffirmed its FY EPS guidance during its investor day but warned about gross margins, according to reports.

.@Macys shares drop as CFO warns gross margin could be below the forecast given in February, 60-80 basis points below last year $M
— Courtney Reagan (@CourtReagan) June 6, 2017

But @Macys CFO says the company is still comfortable (ie not changing) the sales and profit guidance given in February $M
— Courtney Reagan (@CourtReagan) June 6, 2017

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UPDATE: Macy's (M) Affirms FY EPS Guidance But CFO Warns on Gross Margins

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