Company Earnings Update 2 minutesRegister for Free AccessMacy’s (M) 2Q17 Results: Beats Expectations and Is on Track to Meet Full-Year Guidance Coresight Research August 11, 2017 Executive Summary Macy’s reported 2Q17 adjusted EPS of $0.48, beating the consensus estimate of $0.46. Total revenues declined by 5.4% year over year, to $5.55 billion, reflecting announced store closures. Comps were down 2.8% and down 2.5% on an owned-plus-licensed basis. The strongest categories were fine jewelry, fragrance, men’s apparel and women’s shoes. Management reiterated its prior full-year guidance. The company is projecting adjusted EPS of $3.37–$3.62 and expects revenues to be down 3.2%–4.3%. The company expects comps to be down 2.2%–3.3%, versus the consensus estimate of a 3.2% decline. 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: US Tariffs on Canada and Mexico: What US Consumers ThinkSeasonal Shopping, 2Q25—Expectations for Easter, Memorial Day, Mother’s Day, Father’s Day; Plus, Holiday 2025 Plans: US Consumer Survey Insights ExtraEarnings Insights 4Q24, Week 1: Levi Strauss, P&G, Walgreens and Others Post Sales Growth, While Burberry and Kimberly-Clark Report DeclinesInnovator Profile: Wayvee Analytics—Analyzing Customer Emotions to Boost Store and Shelf Performance
