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: US Apparel and Beauty Spending Tracker, June 2023: Clothing, Footwear and Beauty Spending Growth Up; Women’s and Girls’ Clothing OutperformShoppers Enter “Summer Mode”: US Consumer Tracker 2023, Week 26Earnings Insights 1Q24, Week 4: Alibaba and Walmart Report Sales Increases; The Home Depot and Under Armour See Sales DeclinesUS Dresswear Retailing: Sales To Dwindle in 2023 as Pent-Up Demand Fades