Company Earnings Update 5 minutesRegister for Free AccessMacy’s (NYSE: M) 4Q18 Results: Revenues Down But Comp Sales Up, Beating Estimates Coresight Research February 27, 2019 Executive Summary Macy’s fiscal 4Q18 revenues were $8.46 billion, down 2.5% year over year but beating the consensus estimate of $8.44 billion. The company reported 4Q18 adjusted EPS of $2.73, excluding special items, down 4.2% from the year ago period but beating the consensus estimate of $2.53. The company saw comparable sales growth of 0.4% on an owned basis, and 0.7% on an owned plus licensed basis. The company had its fifth consecutive quarter of positive comp sales and achieved a full year of positive comparable sales growth for the first time since 2014. The company announced a multiyear restructuring program to streamline management structure and fund reinvestment in the business. For FY19, management said the company anticipates comparable sales growth of flat to 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. 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: Innovator Profile: MadeMeBuyIt Simplifies Procurement Through a Centralized B2B MarketplaceInnovator Profile: Drop Facilitates Seamless and Scalable Selling on Social MediaRetail Around the World: Coresight Research Observations, December 2022Microsoft Ability Summit 2023—The Latest Trends in AI and Inclusive Technology