Macy's beats earnings estimates, as turnaround plan shows early progress

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

News Новости

Россия Последние новости,Россия Последние новости

Macy’s beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale’s and…

Macy's topped earnings estimates, and said it saw early signs of progress in its turnaround strategy.

Macy's raised its full-year earnings expectations to reflect the first-quarter beat, along with the low end of its sales outlook. But the retailer said in a news release that it"assumes customers will continue to be discerning in their discretionary purchases."as it tries to grow sales again.

Here's what Macy's reported for the three-month period that ended May 4 compared with what Wall Street expected, based on a survey of analysts by LSEG:Revenue: $4.85 billion adjusted vs $4.86 billion expected It expects adjusted earnings per share of between $2.55 and $2.90, raising its previous outlook of between $2.45 and $2.85.

At Macy's, comparable sales declined 0.4% on an owned-plus-licensed basis, including the third-party marketplace.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 319. in RU

Россия Последние новости, Россия Последние новости