Macy's (M) Tops Q1 EPS by 26c, Guidance Tops Views
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Macy’s, Inc. Reports First Quarter 2022 Results and Raises Earnings Guidance
May 26, 2022 6:55 AM EDTComparable sales up 12.8% on an owned basis and up 12.4% on an owned-plus-licensed basis
Diluted EPS of $0.98 and Adjusted diluted EPS of $1.08
Increased financial flexibility through a number of financing transactions
Repurchased $600 million of shares under $2 billion share repurchase program
Reaffirmed annual sales guidance and raised Adjusted diluted EPS guidance
NEW YORK--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today reported financial results for the first quarter of 2022 and updated its annual... More
