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
Deere & Company (DE) Q2 2025 earnings fall on lower revenues
The Deere & Company (NYSE: DE), a leading manufacturer of agricultural and construction equipment, on Thursday reported a double-digit fall in revenue and net income for the second quarter of 2025. The company's
Key metrics from Alibaba Group’s (BABA) Q4 2025 earnings results
Alibaba Group Holding Limited (NYSE: BABA) reported its fourth quarter 2025 earnings results today. Revenue was $32.5 billion, up 7% year-over-year. Net income attributable to ordinary shareholders was $1.70 billion.
WMT Earnings: All you need to know about Walmart’s Q1 2026 earnings results
Walmart Inc. (NYSE: WMT) reported its first quarter 2026 earnings results today. Total revenue of $165.6 billion was up 2.5%, or 4% in constant currency, year-over-year. Net sales of $164
