Company Earnings UpdateMacy’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: Retail 2025: 10 AI Trends—An Inflection Point in the GenAI RevolutionAnalyst Corner: The US Mall Sector Sees Stronger Fundamentals, More Concentrated Winners, with Sujeet NaikSupply Chain Insights for Food, Drug and Mass Retail: Technology, Resilience and the Path to Stronger MarginsSentiment, Tariffs and Inflation—What the Consumer Is Thinking: US Consumer Survey Insights
