November 9, 2017 / 1:19 PM / a month ago

BRIEF-Macy's Inc Q3 EPS $0.23 excluding items

Nov 9 (Reuters) - Macy’s Inc:

* Macy‘s, Inc. reports third quarter 2017 earnings above prior year and re-affirms full-year guidance

* Sees fy 2017 adjusted earnings per share $3.38 to $3.63 excluding items

* Q3 earnings per share $0.23 excluding items

* Q3 sales $5.281 billion versus I/B/E/S view $5.31 billion

* Q3 same store sales fell 4 percent

* Q3 earnings per share view $0.19 -- Thomson Reuters I/B/E/S

* Macy’s Inc - ‍comparable sales on an owned basis were down 4.0 percent in Q3 and down 3.6 percent on an owned plus licensed basis​

* Macy’s Inc says saw better gross margin performance in quarter primarily due to tightly controlled inventory position​

* Macy’s Inc - ‍“a highlight of Q3 was launch of new star rewards loyalty program”​

* Macy’s Inc - ‍“we expect continued improvement in our trends in q4, including a solid lift from loyalty and digital”​

* Macy’s Inc - ‍remain on track to meet our full-year sales and earnings guidance for 2017​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below