RSS XML

Department store Macy's posts US$136m income

Business | May 15, 2019 20:46
<p>Macy&#39;s is putting up its sixth consecutive quarter of rising comparable store sales in the US thanks in part to another doubling of online sales.&nbsp;<br />The Cincinnati department store on Wednesday reported a first quarter profit of US$136 million, or 44 US cents per share. That far exceeds Wall Street&#39;s per-share expectations of 31 U Scents, according to a survey by Zacks Investment Research.&nbsp;<br />Revenue was US$5.5 billion, just shy of expectations.&nbsp;<br />Macy&#39;s stuck to its full-year earnings projections of between US$3.05 and US$3.25 per share, about in line with expectations.&nbsp;</p>


Search Archive

Advanced Search
May 2019
S M T W T F S