Brief: Macy’s Expects FY Adj EPS $2.15 - $2.35
BRIEF-Macy’s Expects FY Adj EPS $2.15 - $2.35 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 OUTLOOK FY ADJUSTED EPS $2.15 - $2.35
MACY’S OUTLOOK FY COMPARABLE SALES CHANGE UP 1.0% - 1.5%
MACY’S Q2 ADJUSTED EPS $0.63, INCLUDING $0.23 NET TARIFF REFUND BENEFIT
MACY’S OUTLOOK FY NET SALES $21.675 BILLION - $21.825 BILLION
Q2 EARNINGS PER SHARE VIEW $0.37 -- LSEG IBES DATA
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 $0.05PER SHARE FLOWING THROUGH TO FY ADJUSTED EPS
MACY’S: RECEIVED ALL EXPECTED IEEPA TARIFF REFUNDS INCLUDING $98 MILLION IN Q2 & $18 MILLION FOLLOWING QUARTER END, FOR TOTAL $116 MILLION
Further company coverage: M.N
((Reuters.Briefs@thomsonreuters.com;))
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