Company Earnings Update 3 minutesRegister for Free AccessMacy’s (NYSE: M) 2Q19 Results: Revenues Down, Lowers EPS Guidance, Launches Pilot with ThredUp Coresight Research August 15, 2019 Executive Summary Macy’s fiscal 2Q19 revenues were $5.55 billion, down 0.5% year over year and even with the consensus estimate. The company reported 2Q19 adjusted EPS of $0.28, down 47.2% from the year-ago period and lower than the consensus estimate of $0.46. The company saw comparable sales growth of 0.2% on an owned basis compared to the consensus estimate of 0.4%, and 0.3% on an owned plus licensed basis, even with the consensus estimate. For FY19, management lowered EPS guidance to $2.85-3.05 from $3.05-3.25 and compared to the consensus estimate of $3.05. The company reaffirmed flat net sales growth guidance and said it anticipates comparable sales growth of flat to 1% for owned stores and owned and licensed stores. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Fashinnovation’s Worldwide Talks 8: Entrepreneurship, Sustainability and Technology To Drive Fashion in 2023US CPG Sales Tracker: Online CPG Growth Decelerates as Beauty E-Commerce Turns Negative AgainFive Things To Know About Generative AI in ChinaShoptalk 2024 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail Disruption