Macy's Non-GAAP EPS of $0.53 Beats Expectations Despite Revenue Dip
Wednesday, 21 August 2024, 10:56
Macy's Financial Performance Overview
Macy's latest financial result reveals a Non-GAAP EPS of $0.53, which exceeds market predictions by $0.24.
Revenue Analysis
However, the company's revenue at $4.94B reflects a 3.7% year-over-year decline. This figure also falls short of analysts' forecasts, missing by $110M.
- Comparable sales decreased by 4.0% based on an owned basis.
- The overall financial landscape indicates various challenges that need to be addressed.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.