Macy's (M) Q3 EPS Tops Consensus, Raises FY Guidance
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Macy’s, Inc. Reports Third Quarter 2021 Results; Narrows and Raises Full Year 2021 Guidance
November 18, 2021 6:55 AM ESTQuarterly net sales and earnings exceeded expectations
Comparable sales up 37.2% on an owned basis and up 35.6% on an owned-plus-licensed basis versus 2020; up 8.9% and up 8.7%, respectively, versus 2019
Diluted EPS of $0.76 and Adjusted diluted EPS of $1.23
Repurchased $300 million of shares, repaid $1.6 billion in debt ahead of schedule and paid $46 million in dividends
Added 4.4 million new customers into Macys brand, a 28% increase over 2019
Announces plans to launch curated digital marketplace platform
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