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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly UK Store Openings and Closures Tracker 2025, Week 25: Debenhams To Open Stores; Poundland To Close 68 StoresFinancial Confidence Improves but Tariffs and Inflation Impact Shopping Behavior: US Consumer Survey InsightsHigh-Income Consumers Drive Uptick in Financial Optimism; Inflation Awareness Down Versus Early 2025: US Consumer Survey InsightsLuxury Shopping in Focus; Sentiment Slumps Overall Amid Tariffs: US Consumer Survey Insights
