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: High-Tech Retailing—Four Technologies That Retailers Can Use to Enchant Consumers: Insights from the Retail Track at CES 20251Q23 US Livestreaming Tracker: Consumers Seek Real-Time Engagement in the Shopping JourneyCostco Attracts Shoppers; The Travel Bug Spreads This Summer: US Consumer Survey Insights ExtraSeptember 2023 US Housing Market Indicators: New Residential Construction Starts Drop to Lowest Point in Over Three Years
