Macy's Has Fantastic Earnings
  • 6 years ago
Macy's reported fourth-quarter and full-year earnings that crushed Wall Street estimates, and gave strong guidance for its fiscal year 2018. The retailer earned $4.31 a share during the fourth quarter as revenue edged up 1.8% to $8.66 billion. Comparable sales on an owned plus licensed basis climbed 1.4%, topping the 0.6% drop that was expected. "We are encouraged to see a trend improvement in our brick & mortar business, and we had the 34th consecutive quarter of double-digit growth in our digital business."
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