Macy's: 30% increase in Q4 EPS

(CercleFinance.com) - Department store chain Macy's has reported a 30.
3% increase in Q4 adjusted EPS to $2.45, on sales that are down 1.7% to $8.1bn (-4.2% LFL, including franchisees).

Announcing FY 2023 adjusted EPS of $3.50 and sales of $23.1bn, respectively above and in line with its targets, the group is aiming for respective 2024 target ranges of $2.45-2.85 and $22.2bn-$22.9bn.

In addition, Macy's has announced 'A Bold New Chapter', a strategy designed to challenge the status quo in order to fundamentally reposition the company, improve the customer experience, generate growth and unlock shareholder value.


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