May 21, 11:05 AM

Macy's Q1 earnings beat profit estimates, raises full-year guidance despite sales decline and -1.2% comp sales

Macy's Q1 earnings report shows a decline in sales but beats profit estimates. The company raises its full-year guidance with adjusted EPS at $2.55 to $2.90 and net sales projected at $22.3B to $22.9B. Macy's comp sales were -1.2% for Q1.

#Macy

Written with ChatGPT (GPT-3).

Sources

Open Outcrier@OpenOutcrier
2 years ago
$M (+3.9% pre) Macy's Q1 results top expectations, lifts guidance, but comp sales remain negative - SA https://t.co/XQEmafo81B
TrendSpider@TrendSpider
2 years ago
Macy's Q1 earnings results are out this morning: ~EPS: $0.27 vs $0.15 est ~SALES: 4.85B vs $4.86B est ~Raises FY24 EPS Guidance From $2.45-$2.85 to $2.55-$2.90 vs $2.62 est https://t.co/j9PvFtVlPx $M 🟢 +4.08% in pre-market https://t.co/QHiIhJq0Hu
Reuters@Reuters
2 years ago
Macy's raises annual profit forecast as cost cuts begin to pay off https://t.co/CredfCR5qv https://t.co/6Iq4bL4KkW

Additional media

Image #1 for story macy-s-q1-earnings-beat-profit-estimates-raises-full-year-1

Macy's Q1 earnings beat profit estimates, raises full-year guidance despite sales decline and -1.2% comp sales

Sources

Additional media

Similar Stories