Macy's, Inc. Reports First Quarter 2019 Earnings
8:00 am ET May 15, 2019 (BusinessWire) Print
--EPS and adjusted EPS of $0.44
--2019 strategic initiatives on track to deliver sales growth
--Company reaffirms annual 2019 sales and earnings guidance
Macy's, Inc. (NYSE: M) today reported results for the first quarter 2019and reaffirmed annual sales and earnings guidance for fiscal 2019.
Financial Highlights
First Quarter
----------------------
(in millions) 2019 2018
------------------------------------------------------------------------------- ------------ ---------
Net sales $ 5,504 $ 5,541
------------------------------------------------------------------------------- -- ----- -- -----
Comparable sales
--------------------------------------------------------------------------------------------------------
Owned 0.6 %
------------------------------------------------------------------------------- -----------
Owned plus licensed 0.7 %
------------------------------------------------------------------------------- -----------
As reported
--------------------------------------------------------------------------------------------------------
Net income attributable to Macy's, Inc. shareholders $ 136 $ 139
------------------------------------------------------------------------------- -- ----- -- -----
Earnings before interest, taxes, depreciation and amortization $ 446 $ 492
------------------------------------------------------------------------------- -- ----- -- -----
Diluted earnings per share $ 0.44 $ 0.45
------------------------------------------------------------------------------- -- ----- -- -----
As adjusted*
--------------------------------------------------------------------------------------------------------
Net income attributable to Macy's, Inc. shareholders $ 137 $ 149
------------------------------------------------------------------------------- -- ----- -- -----
Earnings before interest, taxes, depreciation and amortization $ 447 $ 505
------------------------------------------------------------------------------- -- ----- -- -----
Diluted earnings per share $ 0.44 $ 0.48
