Macy's (M) Tops Q3 EPS by 13c, Comps Increase 3.1%
Macy's (NYSE: M) reported Q3 EPS of $0.27, $0.13 better than the analyst estimate of $0.14. Revenue for the quarter came in at $5.4 billion versus the consensus estimate of $5.4 billion.
Comparable sales growth of 3.1% on an owned basis; 3.3% on an owned plus licensed basis
GUIDANCE:
Macy's sees FY2018 EPS of $4.10-$4.30, versus the consensus of $4.07.
Macy's, Inc. is updating its guidance for fiscal 2018.
| Revised Annual Guidance | Previous Annual Guidance | |||||
Comparable sales | +2.3% to +2.5% | +2.1% to +2.5% | ||||
Comparable sales | 20-30 basis points below comparable | 20-30 basis points below comparable | ||||
| Net sales | +0.3% to +0.7% | Flat to +0.7% | ||||
Diluted EPS excluding | $4.10 to $4.30 | $3.95 to $4.15 | ||||
For earnings history and earnings-related data on Macy's (M) click here.