Macy's (M) Misses Q1 EPS by 10c, Owned Comps Decline 5.2%

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Go back to Macy's (M) Misses Q1 EPS by 10c, Owned Comps Decline 5.2%

Macy’s, Inc. Reports First Quarter Earnings

May 11, 2017 8:00 AM EDT

Company maintains fiscal 2017 sales and earnings guidance

CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported first quarter 2017 earnings of 23 cents per diluted share, or 24 cents per diluted share excluding premiums and fees associated with debt repurchases. This compares with 37 cents per diluted share, or 40 cents per diluted share excluding non-cash settlement charges related to the companys retirement plans, in the first quarter of 2016.

Our first quarter sales and earnings results were consistent with our expectations, and we remain on track to meet our 2017 guidance. We are... More