M - Macy's Q4 Sales Slightly Sour Talks Bold New Strategy Of 150 Store Closures In Two Years | Benzinga
Macy’s Inc (NYSE:M) shares are trading lower on Tuesday premarket.
The company reported fourth-quarter adjusted EPS of $2.45, beating the analyst consensus of $1.96.
Quarterly revenue of $8.12 billion missed the analyst consensus of $8.15 billion. Sales fell 1.7% year over year.
Digital sales decreased 4% year over year, while Brick-and-mortar sales were roughly flat.
Comparable sales, on a 13-week basis, were down 5.4% on an owned basis and down 4.2% on an owned-plus-licensed basis.
The company reported fourth ...