Company Earnings Update 2 minutesRegister for Free AccessMacy’s (M) 1Q18 Results: Company Beats Estimates, Raises Full Year Guidance Coresight Research May 18, 2018 Executive Summary Macy’s reported 1Q18 adjusted EPS of $0.42 and total revenues of $5,541 million, exceeding analysts’ estimates. Comparable sales were up 3.9% on an owned basis and up 4.2% on an owned-plus-licensed basis. Strong consumer and international tourist spending and progress in the execution of the company’s strategic objectives contributed to the positive quarterly performance. Management raised its guidance for FY18, and now expects adjusted EPS of $3.75–$3.95 and a 1.0%–2.0% increase in comps 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: Retail-Tech Landscape: Generative AI InfrastructureThe Future of AI in Retail: What Technology Could Make Possible by 2030Navigating Digital Transformation in Retail: Infographic—North America in Focus3DLOOK, Clientricity and Trove Talk AI in Fashion Retail with Coresight Research
