Macy's (M) Tops Q4 EPS by 6c; Comps Fell 2.7%

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Go back to Macy's (M) Tops Q4 EPS by 6c; Comps Fell 2.7%

Macy’s, Inc. Reports Fourth Quarter and FY2016 Results

February 21, 2017 8:00 AM EST

Diluted 2016 EPS is $1.99, or $3.11 as adjusted; Company provides 2017 sales and earnings guidance

CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported fiscal 2016 earnings per diluted share of $1.99, or $3.11 per diluted share excluding certain items discussed below.

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... More