HALISTER: Macy’s 4Q Adj. EPS Beats Est.; Shares Rise

Macy’s 4Q Adj. EPS Beats Est.; Shares Rise

(Bloomberg) -- Macy’s
  • 4Q adj. EPS $2.02, est. $1.96 (range $1.90-$2.03)
  • 4Q EPS $1.54
  • 4Q net sales $8.52b, est. $8.62b (range $8.50b-$8.81b)
  • 4Q owned plus licensed basis comp. sales -2.1%, est. -2.2% (Consensus Metrix, average of 13)
    • 4Q owned basis comp. sales -2.7%, est. -2.7%
  • 4Q gross margin 38.3%, est. 37.8%
  • 4Q inventory $5.40b
  • Macy’s Year adj. EPS Views May Not Compare With Ests.
  • Macy’s Sees Year Capital Expenditures About $900M
  • 4Q Total Comps -2.1%, est. -2.2%; 4Q adj EPS Beats est.
  • Macy’s: Previously Announced CEO Transition to Occur March 23,
  • Macy’s Sees Yr adj. EPS Ex Gain and Charges $2.90 to $3.15
  • Macy’s Sees Yr adj. EPS $3.37-$3.62 Ex Charges on Benefit Plans
  • Macy’s Says CEO Transition to Occur on March 23
  • Macy’s Sees Yr comp sales Owned Plus Licensed down 2%-3%
  • Macy’s Sees Yr comp sales Owned Basis down Between 2.2% & 3.3%
NOTE:
  • Shares up 4.7% since earnings release to $33.50 on 74,647 shares traded
  • 8 buys, 20 holds, 0 sells before today
  • Call 10am (NY time), 888-599-8686 pw 4375466
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
M US (Macy's Inc)

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