- Macy's (M) says right off the bat that sales were softer than anticipated in Q2 due to consumers pulling back on purchasing discretionary items.
- Comparable store sales fell 0.8% during the period, inclusive of Macy's typically-strong online business.
- The retailer forecasts comparable-store sales to increase in a 2.5%-4% range during H2 and sets full-year EPS guidance at $3.80-$3.90 vs. $3.90-$3.95 prior.
- Shares of Macy's -3.6% premarket.
Check out Seeking Alpha’s new Earnings Center »
From other sites
at 4-traders.com (Mon, 9:08AM)
at Nasdaq.com (Mar 11, 2015)
at CNBC.com (Feb 26, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs