Company Earnings Update 4 minutesRegister for Free AccessMacy’s (NYSE: M) 1Q19 Results: Revenues Down, Comp Sales Up, Beats EPS Estimates, Expanding Backstage to 50 Stores Coresight Research May 16, 2019 Executive Summary Macy’s fiscal 1Q19 revenues were $5.50 billion, down 0.7% year over year and just below the consensus estimate of $5.53 billion. The company reported 1Q19 adjusted EPS of $0.44, down 8.3% from the year-ago period but beating the consensus estimate of $0.33. The company saw comparable sales growth of 0.6% on an owned basis, and 0.7% on an owned plus licensed basis. For FY19, management affirmed its guidance for comparable sales growth of flat to 1% for owned stores and owned and licensed stores. The company expects net sales to be approximately flat, and diluted earnings per share to be $3.05-3.25 compared to consensus of $3.10. 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: Earnings Insights 4Q24, Week 6: Sales Decline for Kroger, Macy’s, Ross Stores and Other Retailers—InfographicInnovator Profile: Veesual—Enhancing the Online Apparel Shopping Journey with Image GenerationHome and Home-Improvement Shopping in Focus; Financial Sentiment Turns Negative: US Consumer Survey InsightsAnalyst Corner—Trimming Waistlines and Spending: Exploring New Data on GLP-1’s Impact on Consumer Purchases, with John Mercer
