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Macy’s Inc. (NYSE: M) reported first quarter 2022 earnings outcomes immediately.
Internet gross sales rose to $5.3 billion from $4.7 billion in the identical interval a 12 months in the past.
Comparable gross sales have been up 12.8% on an owned foundation and up 12.4% on an owned-plus-licensed foundation.
GAAP internet revenue was $286 million, or $0.98 per share, in comparison with $103 million, or $0.32 per share, final 12 months. Adjusted EPS amounted to $1.08.
Macy’s reaffirmed its gross sales steering and raised its adjusted EPS steering for FY2022. Gross sales are anticipated to vary between $24.4-24.7 billion whereas adjusted EPS is estimated to be $4.53-4.95.
(This story can be up to date shortly with an infographic)
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