Macy's (M) reported Q4 FY2023 earnings of $2.45 per share (versus $1.88 per share in Q4 FY2022), strongly beating analysts’ consensus estimate of $1.98 per share.
The company’s quarterly revenues amounted to $8.120 bln (-1.7% y/y), slightly beating analysts’ consensus estimate of $8.069 bln.
The company also issued in-line guidance for FY2024, seeing EPS of $2.45-2.85 versus analysts’ consensus estimate of $2.77 and revenues of $22.2-22.9 bln versus analysts’ consensus estimate of $22.71 bln.
M fell to $19.20 (-0.52%) in pre-market trading.