Company Earnings UpdateMacy’s (M) 4Q16 Results: Restructuring amid Disappointing Results Coresight Research February 22, 2017 Executive Summary Macy’s reported 4Q16 total revenues of $8.5 billion, down 4% year over year and missing the consensus estimate of $8.6 billion. EPS was $2.02, beating the consensus estimate of $1.95. Comparable sales declined by 2.7% for the quarter. On an owned-plus-licensed basis, comps were down 2.1% for the quarter. For the full year, comps declined by 2.9% on an owned-plus-licensed basis. In FY17, the company expects comp sales to decline by 2.2%–2.3% and comps on an owned-plus-licensed basis to decline by 2%–3%. EPS is expected to be $2.90–$3.15 versus the consensus estimate of $3.17. 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 Store Tracker Extra, September 2025: Ollie’s Bargain Outlet and Alimentation Couche-Tard Add 3+ Million Square Feet to Total Opened Retail SpaceHigh-Income Consumers’ Economic Optimism at Five-Month Low; Holiday Shopping Accelerates: US Consumer Survey InsightsDollar Tree To Divest Family Dollar: Here’s What It Means—Consumer + Real Estate Data AnalysisPlaybook: GenAI to Agentic AI—From Pilot to Powerhouse
