Macy's EPS $3.22, talks with partners about flagship stores started
For the full year 2015, adjusted earnings were $3.77 per diluted share.
Due primarily to higher sales and lower expenses, this exceeds the company's most recent guidance for 2015 earnings of $3.54 to $3.59 on the same basis. Comparable sales on an owned plus licensed basis in the full-year 2015 declined by 2.5 percent. This compares to the most recent guidance for 2015 sales on an owned plus licensed basis to be down 2.7 percent.
On an owned basis, full-year 2015 comparable sales declined by 3.0 percent.
Macy's has begun the process of contacting potentially interested parties with respect to partnership or joint venture transactions involving the company's flagship and mall-based properties. ■