Company Earnings Update 2 minutesRegister for Free AccessMacy’s (M) 1Q18 Results: Company Beats Estimates, Raises Full Year Guidance Coresight Research May 18, 2018 Executive Summary Macy’s reported 1Q18 adjusted EPS of $0.42 and total revenues of $5,541 million, exceeding analysts’ estimates. Comparable sales were up 3.9% on an owned basis and up 4.2% on an owned-plus-licensed basis. Strong consumer and international tourist spending and progress in the execution of the company’s strategic objectives contributed to the positive quarterly performance. Management raised its guidance for FY18, and now expects adjusted EPS of $3.75–$3.95 and a 1.0%–2.0% increase in comps on an owned-plus-licensed basis. 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: Next-Generation Pricing, Demand Forecasting and Inventory Planning: Insights Presented at Groceryshop 20244Q23 US Earnings Season Wrap-Up: Many Companies Report Better Performances Following the Holiday SeasonUnleashing the Power of Retail Media with First-Party Data and Location AnalyticsInnovator Profile: SegmentStream Solves the Conversion Attribution Challenge for Marketers
