Macy’s Expects FY Adj EPS $2.15 - $2.35
M•Full-year outlook includes tariff refund reinvestments
- Macy’s outlook FY adjusted EPS $2.15 - $2.35
- Macy’s outlook FY comparable sales change up 1.0% - 1.5%
- Macy’s outlook FY net sales $21.675 billion - $21.825 billion
- FY earnings per share view $2.25, revenue view $21.91 billion -- LSEG IBES data
- Macy’s: FY outlook includes reinvestments of majority of tariff refunds with about $0.05 per share flowing through to FY adjusted EPS
Macy’s reports quarterly sales and profit above estimates
Sept. 10 (Reuters) - Macy's Inc. M.N:
- Macy’s Q2 net sales $4.87 billion versus IBES estimate $4.83 billion
- Macy’s Q2 comparable sales up 2.7%
- Macy’s Q2 adjusted EPS $0.63, including $0.23 net tariff refund benefit
- Q2 earnings per share view $0.37 -- LSEG IBES data
- Macy’s received all expected IEEPA tariff refunds including $98 million in Q2 and $18 million following quarter end, for total $116 million
