20 February 2019
Research Reports
Macy's Annual Report 2018

Macy's reported results for the fourth quarter and fiscal 2018 and provided annual sales and earnings guidance for fiscal 2019. Some key takeaways:

  • Annual comparable sales growth of 1.7% on an owned basis; 2.0% on an owned plus licensed basis
  • Annual EPS of $3.56; annual adjusted EPS of $4.18
  • Strategic initiatives gain traction and position company for continued comparable sales growth
  • Company launches multi-year productivity program to fund reinvestment in the business; streamlines management structure

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