Macy’s, Inc. Reports Fourth Quarter and FY2016 Results
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Macy's (M) Tops Q4 EPS by 6c; Comps Fell 2.7%
February 21, 2017 8:01 AM ESTMacy's (NYSE: M) reported Q4 EPS of $2.02, $0.06 better than the analyst estimate of $1.96. Revenue for the quarter came in at $8.52 billion versus the consensus estimate of $8.63 billion.
Comps fell 2.7%.
While 2016 was not the year we expected, we made significant progress on key initiatives that are starting to bear fruit. These include continued improvement in our digital platforms, the rollout of our new approach to fine jewelry and womens shoes, an increase in exclusive merchandise and the refinement of our... More
