Macy's (M) Tops Q3 EPS by 4c, Comps Decline 3.6%
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Macy’s, Inc. Reports Third Quarter 2017 Earnings Above Prior Year and Re-affirms Full-Year Guidance
November 9, 2017 8:00 AM ESTCINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported third quarter 2017 earnings per diluted share of 12 cents, or 23 cents per share excluding restructuring and other costs and non-cash retirement plan settlement charges. This compares with 5 cents per share in the third quarter of 2016, or 17 cents excluding non-cash retirement plan settlement charges.
The company also reaffirmed its sales and earnings guidance for full-year 2017.
Overall, we're pleased with the results for the third quarter and we remain on track to meet our full-year sales and earnings guidance for 2017. Importantly, we also saw better gross... More
