Macy`s Inc

NYSE:M   3:45:38 PM EDT
21.85
-0.27 (-1.22%)
Positive Earnings Pre-Announcement

Macy's Inc Reports Q2 Adjusted EPS Of $1.29

Published: 08/19/2021 11:30 GMT
Macy`s Inc (M) - Macy’s, Inc. Reports Second Quarter 2021 Results, Raises Guidance and Announces Plan to Return Capital to Shareholders.
Q2 Earnings per Share $1.08.
Q2 Adjusted Earnings per Share $1.29.
Q2 Earnings per Share Estimate $0.19 -- Refinitiv Ibes Data (analyst estimates).
Raises Full-year and Back-half Guidance on Both Top and Bottom Lines.
Reinstates Dividend and Authorizes Share Repurchase Program.
Qtrly Comparable Sales Up 61.2% on an Owned Basis and Up 62.2% on an Owned Plus Licensed Basis Versus 2020.
Qtrly Digital Sales Declined 6% Versus Q2 2020.
Sees FY Net Sales $23.55b - $23.95b.
Sees FY Adjusted Diluted Earnings per Share $3.41 - $3.75.
Qtrly Net Sales $5,647 Million Versus $3,559 Million.
Q2 Revenue View $5.01 Billion -- Refinitiv Ibes Data (analyst estimates).
Reinstating Its Regular Quarterly Dividend at 15 Cents per Share on Macy's, Inc.'s Common Stock.
Board of Directors Has Authorized a $500 Million Share Repurchase Program.
FY Earnings per Share View $2.33, Revenue View $22.15 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $5.12 Billion
Adjusted EPS is expected to be $0.27

Next Quarter Revenue Guidance is expected to be $8.15 Billion
Next Quarter EPS Guidance is expected to be $1.85

More details on our Analysts Page.