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MarketScreener Homepage  >  Equities  >  Nyse  >  Macy's    M

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Macy's : Same-Store Sales Rise, Affirms Full-Year Outlook

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05/15/2019 | 08:53am EDT

By Aisha Al-Muslim

Macy's Inc. posted stronger-than-expected sales growth in the latest period as the retailer said it benefited from more customers making purchases through digital channels.

Sales at stores open at least a year grew 0.6% for the period ended May 4, above the FactSet estimate of a 0.6% decrease. Including licensed departments, same-store sales rose 0.7%.

Overall, the Cincinnati-based company reported Wednesday net sales for the first quarter fell less than 1% to $5.5 billion.

The company posted a profit of $136 million, or 44 cents a share, down from $139 million, or 45 cents a share, a year earlier. Excluding impairment and other costs, adjusted earnings were 44 cents a share, higher than the 33 cents a share that analysts polled by FactSet were looking for.

Macy's also affirmed its sales and earnings guidance for the current fiscal year. The company expects net sales to be roughly flat from the last fiscal year, with comparable sales to be flat to up 1%. Excluding settlement charges, impairment and other costs, the company forecasts adjusted earnings per share of $3.05 to $3.25.

The stock rose more than 4% to $22.74 in premarket trading. Shares are down 27% in the last year.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

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Financials (USD)
Sales 2020 24 873 M
EBIT 2020 1 320 M
Net income 2020 907 M
Debt 2020 3 246 M
Yield 2020 10,1%
P/E ratio 2020 5,21x
P/E ratio 2021 5,62x
EV / Sales2020 0,32x
EV / Sales2021 0,33x
Capitalization 4 615 M
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Technical analysis trends MACY'S
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 19
Average target price 18,69  $
Last Close Price 14,94  $
Spread / Highest target 80,7%
Spread / Average Target 25,1%
Spread / Lowest Target -6,29%
EPS Revisions
Managers
NameTitle
Jeffrey Gennette Chairman & Chief Executive Officer
Harry A. Lawton President
Robert B. Harrison Chief Operations Officer
Paula A. Price Chief Financial Officer
Naveen Krishna Chief Technology Officer
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