• Macy's same-store sales top expectations

    9 days ago - By Chron

    Kena Betancur/Getty Images
    Macy's reported first-quarter results that topped expectations.
    The retailer reaffirmed its annual guidance for 2019.
    Shares were up 2.5%% ahead of Wednesday's opening bell.
    Watch Macy's trade live .
    Macy's on Wednesday reported first-quarter results that topped Wall Street estimates, sending shares up 2.5% ahead of the opening bell.
    The retailer earned an adjusted $0.44 a share on revenue of $5.7 billion, beating the $0.32 and $5.5 billion that analysts surveyed by Bloomberg were expecting. It's owned plus licensed comps of up 0.7% outpaced the up 0.3% that was...
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  • Macy's quarterly profit, same-store sales top expectations

    Macy's quarterly profit, same-store sales top expectations

    9 days ago - By Reuters

    Macy's Inc topped Wall Street estimates for quarterly same-store sales and profit on Wednesday, benefiting from increased digital sales and higher demand for items sold at its off-price stores.
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  • Macy's digital transformation continues to fuel profit

    9 days ago - By Chron

    CINCINNATI - Macy's is putting up its sixth consecutive quarter of rising comparable store sales thanks in part to another doubling of online sales.
    The Cincinnati department store on Wednesday reported a first quarter profit of $136 million, or 44 cents per share. That far exceeds Wall Street's per-share expectations of 31 cents, according to a survey by Zacks Investment Research.
    Revenue was $5.5 billion, just shy of expectations.
    Macy's stuck to its full-year earnings projections of between $3.05 and $3.25 per share, about in line with expectations.
    Portions of this story were generated...
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  • Macy's same-store sales tops expectations; shares rise 7%

    9 days ago - By Reuters

    Macy's Inc topped Wall Street estimates for quarterly same-store sales on Wednesday, benefiting from increased digital sales and higher demand for discounted luxury items sold at its off-price stores, sending its shares up 7%.
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