Macy's ups guidance for year

Cincinnati – Pivoting off a smaller-than-expected third quarter loss, Macy’s Inc. today raised its outlook for the fiscal year.

The company now projects full-year earnings per share of $1.01 to $1.06, excluding restructuring charges. Previously, the company forecast EPS of 70 cents to 80 cents. Analysts surveyed by Thomson Reuters forecast $1.11 per share.

The company expects to book approximately $400 million in pre-tax restructuring-related costs over the course of the year.

During the fourth quarter, the parent company of Macy’s and Bloomingdale’s department stores said it expects comps to decline 1% to 2%. That would put the second half comp decline at 2.1% to 2.6%, an improvement over earlier guidance that called for comps to fall 5% to 6% during the final six months of the fiscal year.


Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!