Macy's (M) Tops Q2 EPS by 19c, Raises FY Guidance

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Go back to Macy's (M) Tops Q2 EPS by 19c, Raises FY Guidance

Macy’s, Inc. Reports Second Quarter 2018 Earnings

August 15, 2018 8:00 AM EDT

Strong second quarter and first half 2018 driven by improved performance in stores and continued growth of digital.

Company raises annual sales and earnings guidance.

CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported results for the second quarter of 2018 and provided updated annual sales and earnings guidance for fiscal 2018.

For the second quarter, the company achieved earnings per diluted share of $0.53, or $0.70 excluding impairment and other costs, settlement charges and losses on the early retirement of debt. This compares to $0.36 per share in the... More