Macy's Q1 Adj. EPS $0.27 vs $0.15 Est., Net Sales 4.846B vs $4.86B Est.
Portfolio Pulse from Benzinga Newsdesk
Macy's reported its Q1 adjusted EPS at $0.27, surpassing the estimated $0.15. However, net sales were slightly below expectations at $4.846 billion compared to the estimated $4.86 billion.
May 21, 2024 | 10:56 am
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Macy's Q1 adjusted EPS of $0.27 beat the estimate of $0.15, indicating better-than-expected profitability. However, net sales were slightly below expectations at $4.846 billion versus the estimated $4.86 billion.
The significant beat on adjusted EPS suggests strong profitability, which is a positive indicator for Macy's stock. The slight miss on net sales is less impactful given the strong earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100