Company Earnings UpdateMacy’s (M) 1Q18 Results: Company Beats Estimates, Raises Full Year Guidance Coresight Research May 18, 2018 Executive Summary Macy’s reported 1Q18 adjusted EPS of $0.42 and total revenues of $5,541 million, exceeding analysts’ estimates. Comparable sales were up 3.9% on an owned basis and up 4.2% on an owned-plus-licensed basis. Strong consumer and international tourist spending and progress in the execution of the company’s strategic objectives contributed to the positive quarterly performance. Management raised its guidance for FY18, and now expects adjusted EPS of $3.75–$3.95 and a 1.0%–2.0% increase in comps on an owned-plus-licensed basis. 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: Economic Sentiment Remains Under Pressure; Plus, Apparel Shopping in Focus: US Consumer Survey InsightsWeekly US Store Openings and Closures Tracker 2025, Week 35: Netflix Heads to the Mall as Claire’s Shutters Nearly 300 StoresShoptalk Spring 2025: Day Two—Next-Generation Search and the Leading Edge of Storytelling, from Influencers to Lived ValuesJanuary 2025 US Retail Sales Outlook: Projecting Mid-Single-Digit Growth for the Start of 2025
