Macy’s same-store sales top expectations (M)
|05/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Macy’s reported first-quarter results that topped expectations.
- The retailer reaffirmed its annual guidance for 2019.
- Shares were up 2.5%% ahead of Wednesday’s opening bell.
- Watch Macy’s trade live.
Macy’s on Wednesday reported first-quarter results that topped Wall Street estimates, sending shares up 2.5% ahead of the opening bell.
The retailer earned an adjusted $0.44 a share on revenue of $5.7 billion, beating the $0.32 and $5.5 billion that analysts surveyed by Bloomberg were expecting. It’s owned plus licensed comps of up 0.7% outpaced the up 0.3% that was anticipated. Macy’s said its digital business saw “double-digit growth,” but did not give a read more >>>