Categories AlphaGraphs, Retail

Macy’s Inc: Q4 2017 Earnings Snapshot

Retailer Macy’s reported strong results for the final quarter of 2017, thanks to the strong holiday sales. Macy’s shares surged 10% in the pre-market session. Profit more-than-doubled to $1.33 billion or $4.31 per share, compared to $475 million or $1.54 per share in the fourth quarter of 2016. On an adjusted basis, earnings soared 40% to $2.82 per share.

Sales grew 1.8% year-over-year to $8.67 billion. Comp sales for owned stores were up 1.3%, while comp sales for owned and licensed stores were up 1.4%.

Outlook

For 2018, Macy’s estimates total sales are expected to be down between 0.5% and 2%. Comp sales from owned stores, and owned-plus-licensed stores are expected to be flat to up 1%. Adjusted EPS is targeted in the range of $3.55 and $3.75.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top