Company Earnings Update 2 minutesRegister for Free AccessMacy’s (M) 4Q17 Results: Beats on EPS and Comps, Optimistic Outlook for 2018 Coresight Research February 28, 2018 Executive Summary Macy’s reported 4Q17 revenues of $8.67 billion, up 1.8% and roughly in line with the consensus estimate. Adjusted EPS was $2.82, beating the $2.67 consensus estimate and up from $2.02 in the year-ago quarter. Comp sales were up 1.3% on an owned basis versus the 0.4% consensus estimate and were up 1.4% on an owned-plus-licensed basis. In FY18, Macy’s expects comps on both an owned and owned-plus-licensed basis to be flat to up 1%. The company expects total sales to decline by 0.5%–2% for the year and adjusted EPS to be $3.55–$3.75, versus the consensus estimate of $3.18. 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: Weekly US and UK Store Openings and Closures Tracker 2024, Week 18: J Sainsbury Closing 25 Argos Stores in the UK This YearThe FTC Challenges Tapestry’s Acquisition of Capri: An Analysis of Market Impact and Consumer Choice10 Key Trends Shaping Livestreaming E-Commerce in 2023—Free InfographicApril 2023 UK Retail Sales: Online Sales Slow While Total Retail Sales Accelerate
