(M) Macy’s Incorporated – Bull of the Day

Macy, Inc.’s (M) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer-centric localization initiatives. To help drive traffic, Macy’s continues to focus on price optimization, inventory management and merchandise planning.
These help the company to deliver better-than-expected third-quarter 2011 results.

The quarterly earnings of $0.32 per share beat the Zacks Consensus Estimate of $0.16, and portrayed a fourfold increase from $0.08 earned in the prior-year quarter. Following this management raised its outlook. Macy’s now expects fiscal 2011 earnings between $2.70 and $2.75 per share.

The company hinted that it is also seeking to expand both the Macy’s and Bloomingdale’s brands. Macy’s, which saw 4.8% growth in November comparable-store sales, expects comps increase between 4.8% and 5% for fiscal 2011.

MACYS INC (M): Free Stock Analysis Report

Zacks Investment Research

About vitalstocks

This is a sample profile field. Vitalstocks is the operating company for Stockbloghub. This will place the picture of the author or company in the profile. Here is another extra line of information.


Powered by Facebook Comments

Similar Posts: | | Department Stores | Services

RSS feeds: M | Macy's Inc. | Department Stores | Services |

Other Posts by | RSS Feed for this author