Company Earnings Update 2 minutesRegister for Free AccessMacy’s (M) 1Q16: Guidance Reduced Due to Continued Weak Spending Coresight Research May 10, 2016 Executive Summary Macy’s reported FY1Q16 adjusted EPS of $0.40 versus consensus of $0.38. Reported total sales were $5.77B, below consensus of $5.93B and down 7.4% from the same period in 2015. Management saw weak spending in apparel and related categories driven by a sharp 20% decrease in international tourist spending. With top-line sales now planned below initial expectations, the company now expects adjusted EPS to be $3.15-$3.40 versus its initial guidance of $3.80-$3.90. 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: Shoptalk Europe 2023 Startup Pitch—All You Need To KnowWhat the Ozempic Economy Means for US RetailInnovator Profile: Syrup Tech Uses AI To Optimize Omnichannel Inventory ManagementData Dive: Mapping Bed Bath & Beyond Store Closures—States Impacted and Retailers Likely To Benefit