Macy's Inc Reaffirms FY 2012 Same-store Sales Guidance; Reaffirms FY 2012 EPS Guidance

Macy's Inc announced that it continues to expect same-store sales to grow by approximately 3.5% for the remainder of fiscal 2012. When added to the first quarter's reported results, same-store sales growth for fiscal 2012 as a whole now is expected to be approximately 3.7% -- slightly higher than previous guidance for a same-stores sales increase of approximately 3.5% in fiscal 2012. The Company reiterates its guidance for earnings per diluted share in fiscal 2012 of $3.25 to $3.30.