Macy's (M) Tops Q4 EPS by 16c, Reiterates 2020 Guidance
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Macy’s, Inc. Reports Fourth Quarter and Fiscal 2019 Earnings and Reiterates 2020 Guidance
February 25, 2020 6:55 AM ESTAnnual comparable sales of (0.8)% on an owned basis; (0.7)% on an owned plus licensed basis Annual Diluted EPS of $1.81 and Annual Adjusted Diluted EPS of $2.91 Strong execution of Holiday 2019 with significant trend improvement in sales from the third quarter Enters 2020 with solid plan for transition year; reiterates previously provided 2020 guidance
NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported results for the fourth quarter and fiscal 2019 and reiterated its previously provided annual sales and earnings guidance for fiscal 2020.
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