Company Earnings UpdateMacy’s (M) 3Q17 Results: Beats on EPS, Reiterates Guidance Coresight Research November 10, 2017 Executive Summary Macy’s reported adjusted 3Q17 EPS of $0.23, up 35.3% year over year and beating the $0.19 consensus estimate. Revenues were $5.28 billion, down 6.1% year over year and roughly in line with the $5.31 billion consensus estimate. Comps (on an owned basis) declined by 4.0%, below the consensus estimate of a 2.8% decline. Comps on an owned-and-licensed basis declined by 3.6%. Macy’s reaffirmed its full-year sales and EPS guidance. The company expects sales to decline by 3.2%–4.3% and expects adjusted EPS of $3.37–$3.62 versus the $3.32 consensus estimate. 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: US CPG Sales Tracker: E-Commerce Sustains Double-Digit Growth Rate; In-Store Sales Expansion SlowsSycamore Partners To Acquire Walgreens Boots Alliance—Exploring the Reasons for and Implications of the $23.7 Billion DealInnovator Profile: Gain—Autonomous AI Employees for Smarter, Faster ProcurementUS CPG Sales Tracker: Health and Beauty Lead Growth Amid E-Commerce Slowdown
