Macy’s, Inc. Reports First Quarter Earnings of 56 Cents Per Diluted Share
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Macy's Report Negative for (FOSL), (KORS); Positive for (GIII) (SHOO) (FINL) (NKE) (UA) - Piper Jaffray
May 13, 2015 11:02 AM EDTPiper Jaffray analyst Erinn Murphy believes Macy's (NYSE: M) earnings report is negative for Fossil Group (NASDAQ: FOSL) and Michael Kors (NYSE: KORS) but positive for G-III Apparel Group (NASDAQ:... More
Macy's (M) Raises Quarterly Dividend 15.2% to $0.36; 2.2% Yield
May 13, 2015 8:21 AM EDTMacy's (NYSE: M) declared a quarterly dividend of $0.36 per share, or $1.44 annualized. This is a 15.2% increase from the prior dividend of $0.3125.
The dividend will be payable on July 1, 2015, to stockholders of record on June 15, 2015, with an ex-dividend date of June 11,... More
Macy's (M) Misses Q1 EPS by 9c; Boosts Dividend, Buyback Program
May 13, 2015 8:01 AM EDTMacy's (NYSE: M) reported Q1 EPS of $0.56, $0.09 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $6.23 billion versus the consensus estimate of $6.32 billion.
Comparable sales on an owned plus licensed basis were down by 0.1 percent in the first quarter. On an owned basis, first quarter comparable sales declined by 0.7 percent.
The company also announced a 15 percent increase in its dividend on common stock and a $1.5 billion increase in its share repurchase authorization.
Macy's reaffirmed FY2015 guidance. In fiscal 2015, as previously announced, the company expects... More
