Company Earnings Update 2 minutesRegister for Free AccessMacy’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). 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: April 2023 UK Retail Sales: Online Sales Slow While Total Retail Sales AccelerateJanuary and February 2023 China Retail Sales: Total Sales Pick Up as Most Sectors Report Positive GrowthGenerative AI Latest: Content Indemnification, Security Concerns and Response from Chinese GiantsEarnings Insights 1Q23, Week 5: Burlington, Deckers, Dick’s and Ulta Post Strong Results; Big Lots, Foot Locker, Kohl’s and Others See Sales Decline