logo
  

Macy's Cuts FY19 Adj. EPS Outlook - Quick Facts

While reporting its financial results for the second quarter, Macy's, Inc. (M) on Wednesday lowered its adjusted earnings guidance for the full-year 2019, while reaffirming sales annual sales outlook.

For fiscal 2019, the company slashed its adjusted earnings guidance to a range of $2.85 to $3.05 per share from the previous forecast in the range of $3.05 to $3.25 per share.

However, the company continues to project net sales to be approximately flat with the prior year and full-year comparable sales for both, owned plus licensed basis and owned basis to be flat to up 1 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.07 per share on a revenue decline of 0.30 percent to $24.89 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of HSBC Holdings Plc were gaining in London and Hong Kong trading after the Asia-focused lender reported Monday that its first-half profit more than doubled, despite weak revenues. Looking ahead, the company said while uncertainties remain, the outlook is more positive with evidence of growth in strategic areas. After Disney World, retail giant Walmart Inc. (WMT) makes it mandatory for all its employees to wear mask on their facilities in the "high-risk" states where the Delta variant of Coronavirus has become menacing. The orders will be in effect immediately. The Center for Disease Control and Prevention... Generac Power Systems is recalling 325,735 units of Generac and DR 6500 Watt and 8000 Watt portable generators for potential risk of finger amputation and crushing hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include 4,575 units sold in Canada.
Follow RTT