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? Register for a free user account. This document was generated for Other research you may be interested in: Amazon Prime Day India 2023: Wrap-Up—Discounts Drive Prime Members To SplurgeWeekly US and UK Store Openings and Closures Tracker 2023, Week 17: Bed Bath & Beyond Drives US ClosuresShoptalk 2024 “Shark Reef” Startup Pitch Competition: Recap—12 Innovators, Two WinnersWeinswig’s Weekly: Focus on Superior Brand Building To Be BEST in Retail