Macy's: misses consensus in Q2

(CercleFinance.com) - Macy's has reported Q2 adjusted net income that is down 60% at 88 million dollars, i.
e. EPS of 28 cents, 18 cents below the consensus.

At 5.55 billion dollars, the department store chain's sales increased 0.2% on a comparable basis at its directly owned stores alone and by 0.3% including those under license.

Macy's now expects to FY adjusted EPS of 2.85 dollars to 3.05 dollars, against 3.05 dollars to 3.25 dollars, for sales growth on a comparable-basis of up to 1%.


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