Macy’s, Inc. Reports Second Quarter 2019 Earnings
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Macy's (M) Misses Q2 EPS by 17c, Lowers FY EPS Guidance
August 14, 2019 8:02 AM EDTMacy's (NYSE: M) reported Q2 EPS of $0.28, $0.17 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.55 billion.
Comparable sales growth of 0.2% on an owned basis; 0.3% on an owned plus licensed basisMacys, Inc. delivered another quarter of comparable sales growth. That said, we had a slow start to the quarter and finished below our expectations. Rising inventory levels became a challenge based on a combination of factors: a... More
