Company Earnings Update 2 minutesRegister for Free AccessMacy’s (M) 2Q17 Results: Beats Expectations and Is on Track to Meet Full-Year Guidance Coresight Research August 11, 2017 Executive Summary Macy’s reported 2Q17 adjusted EPS of $0.48, beating the consensus estimate of $0.46. Total revenues declined by 5.4% year over year, to $5.55 billion, reflecting announced store closures. Comps were down 2.8% and down 2.5% on an owned-plus-licensed basis. The strongest categories were fine jewelry, fragrance, men’s apparel and women’s shoes. Management reiterated its prior full-year guidance. The company is projecting adjusted EPS of $3.37–$3.62 and expects revenues to be down 3.2%–4.3%. The company expects comps to be down 2.2%–3.3%, versus the consensus estimate of a 3.2% decline. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Surprising Declines in Consumer Activity: US Consumer Survey InsightsRetail 2024: US E-Commerce Technology Trends—Generative AI, Retail Media and Other Revenue-Generating Opportunities To Transform the Online LandscapeRoblox and Fortnite: Bridges to the Metaverse for Fashion BrandsSeptember 2023 China Retail Sales: Growth Continues To Strengthen