Company Earnings Update 3 minutesRegister for Free AccessMacy’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? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 3: Greggs To Open 140 Stores in the UKLuxury Clothing and Footwear Sector To Gain Share of the Total US Apparel Market in 2023 and BeyondWeekly US and UK Store Openings and Closures Tracker 2023, Week 48: Wilko’s Loss Is Poundland’s GainMarket Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative Models