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 4Q24, Week 6: Sales Decline for Kroger, Macy’s, Ross Stores and Other Retailers—InfographicHigher-Income Sentiment Improves; Holiday Shopping Is Firmly Under Way: US Consumer Survey InsightsWeekly UK Store Openings and Closures Tracker 2025, Week 26: River Island To Close 30+ StoresThe State of In-Store Retailing 2025: The Dawn of New-Age Stores, Powered by Technology
