Macy’s Beats Expectations as Retail Sales Climb
Fourth-quarter earnings increased 5.75 percent year over year to $1.84 per diluted share. Revenue grew 7.18 for the same period. Same-store sales increased 3.9 percent.
|Jan. 31, 2012||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||8,724||6,143||6,118||6,075||9,350|
|Diluted EPS ($)||1.74||0.43||0.67||0.36||1.84|
Full-year earnings experienced double-digit growth for the fourth consecutive year, and added another $1 billion to sales. Same-store sales were up 3.7 percent, ahead of the company’s guidance. Online sales increased 41.0 percent for the year.
|(FY ended Feb. of:)||2008||2009||2010||2011||2012||2013|
|Revenue ($) in millions||26,313||24,892||23,489||25,003||26,405||27,686|
|Diluted EPS ($)||1.98||(11.40)||0.83||1.98||2.92||3.24|
Looking ahead, Macy’s “is assuming same-store sales growth of approximately 3.5 percent in fiscal 2013. Guidance for earnings per diluted share in fiscal 2013 is $3.90 to $3.95. Capital expenditures for the year are expected to be approximately $925 million.”