Macy's (M) Reinstates $0.15 Quarterly Dividend; Approves $500M Buyback Plan
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Macy’s, Inc. Reports Second Quarter 2021 Results, Raises Guidance and Announces Plan to Return Capital to Shareholders
August 19, 2021 6:55 AM EDTComparable sales up 61.2% on an owned basis and up 62.2% on an owned-plus-licensed basis versus 2020; up 5.8% and up 5.9%, respectively, versus 2019
Diluted EPS of $1.08 and Adjusted diluted EPS of $1.29
Raises full-year and back-half guidance on both the top and bottom lines
Reinstates dividend and authorizes share repurchase program
Performance reflects continued execution of Polaris strategy coupled with the macroeconomic recovery
NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported results for the... More
