Company Earnings Update 3 minutesRegister for Free AccessMacy’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? Register for a free user account. This document was generated for Other research you may be interested in: DeepSeek: The Chinese AI Startup That Has Overtaken ChatGPT on Apple’s App StoreThree Data Points We’re Watching This Week, Week 11: US CPG E-Commerce LatestThree Data Points We’re Watching This Week, Week 7: Consumer Sentiment FocusInflation Up, Sentiment Down: Alarm Bells for the US Consumer Economy?
