Company Earnings UpdateMacy’s (M) 1Q16: Guidance Reduced Due to Continued Weak Spending Coresight Research May 10, 2016 Executive Summary Macy’s reported FY1Q16 adjusted EPS of $0.40 versus consensus of $0.38. Reported total sales were $5.77B, below consensus of $5.93B and down 7.4% from the same period in 2015. Management saw weak spending in apparel and related categories driven by a sharp 20% decrease in international tourist spending. With top-line sales now planned below initial expectations, the company now expects adjusted EPS to be $3.15-$3.40 versus its initial guidance of $3.80-$3.90. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Earnings Insights 4Q24, Week 6: Sales Decline for Kroger, Macy’s, Ross Stores and Other Retailers—InfographicWeekly UK Store Openings and Closures Tracker 2025, Week 20: Asda Opens New Format; Skims Plans to Step into the UK in 2026US Store Openings and Closures Midyear 2025 Review and Outlook: Where Does Retail Real Estate Stand in a Year of Disruption? InfographicRetail Crime and Shrink: More Shoppers Say No to Locked-Up Merchandise; Self-Checkout Gets a Makeover
