Macy's Inc. (M) reported that same-store sales for the month of January increased 3.4%. Total sales were $1.255 billion , up 3.4% from $1.213 billion in the year ago period.
For the 13-week fourth quarter of fiscal 2009, Macy's, Inc.'s sales totaled $7.851 billion, down 1.0% from total sales of $7.934 billion for the final 13 weeks of 2008. On a same-store basis, the company's fourth quarter sales were down 0.8%.
The company now expects fourth quarter earnings per share to be $1.35 to $1.37, excluding restructuring-related costs, compared with previous guidance of $1.14 to $1.18 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $1.18 per share for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2009, the company now expects earnings per share to be $1.36 to $1.38, excluding restructuring-related costs, compared with previous guidance of $1.15 to $1.19 per share. Analysts expect the company to report earnings of $1.18 per share for fiscal 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.