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Macy’s same-store sales top expectations (M)
05/15/2019 General World News
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  • 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 >>>

Source:: BusinessInsider.Com

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