Macy's (M) Tops Q1 EPS by 80c, Raises FY Guidance

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Go back to Macy's (M) Tops Q1 EPS by 80c, Raises FY Guidance

Macy’s, Inc. Reports First Quarter 2021 Results

May 18, 2021 6:55 AM EDT

Performance exceeded expectations on both the top and bottom lines

Comparable sales up 62.5% vs. 2020 on an owned basis; up 63.9% vs. 2020 on an owned plus licensed basis

Diluted EPS of $0.32 and Adjusted diluted EPS of $0.39

Company continues momentum as a digitally led omnichannel retailer with digital sales growth of 34% vs. 2020

Raises full-year guidance, bolstered by improved macroeconomic trends and strength of Polaris strategy execution

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