Macy's (M) Tops Q4 EPS by 20c

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Macy’s, Inc. Reports Fourth Quarter and FY2015 Results

February 23, 2016 8:01 AM EST

Diluted 2015 EPS is $3.22, or $3.77 as adjusted, exceeding guidance;
Company provides 2016 sales and earnings guidance

CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported fiscal 2015 earnings per diluted share of $3.22, or $3.77 per diluted share excluding asset impairments, store closing and other costs. The companys fourth quarter and full-year sales and earnings exceed the companys most recent guidance.

While 2015 was challenging, our sales trend improved in January as the weather turned colder in northern climate zones and Macys and... More