Company Earnings UpdateMacy’s (M) 1Q17 Results: Management Reiterates FY17 Guidance, Despite Difficult Environment Coresight Research May 13, 2017 Executive Summary Macy’s reported 1Q17 adjusted EPS of $0.24 compared with the consensus estimate of $0.36. Total revenues declined by 7.5% for the period, to $5.34 billion, which reflects the store closures announced in 2016. Comps were down 5.2%, and down 4.6% on an owned-plus-licensed basis. Management reiterated its prior full-year guidance. The company is projecting EPS of $3.37–$62 versus consensus of $3.34. The company expects revenues to be down 3.2%–4.3% and comps to be down 2.2%–3.3% (and down 2.0%–3.0% on an owned-plus-licensed basis). Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Earnings Insights 1Q25, Week 4: Alibaba, Walmart and Others Report Sales Growth While Under Armour Reports Sales Decline—InfographicAnalyst Corner: Five CPG Sector Insights from This Quarter’s Earnings, with Madhav PitaliyaThree Data Points We’re Watching This Week, Week 26: US Consumer Survey InsightsInnovator Profile: Palate—Agile, Authentic Product Feedback for Better Food Innovation
