Macy's Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Macy's, Inc. (M) reported fourth-quarter net income of $793 million or $2.26 per share, compared to $811 million or $2.16 per share, prior year. Adjusted earnings per share was $2.44, for the quarter. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $2.41 for the quarter. Analysts' estimates typically exclude special items. Net sales increased 1.8 percent to $9.36 billion from $9.20 billion last year. Analysts expected revenue of $9.40 billion for the quarter. Comparable sales growth on an owned plus licensed basis for the fourth quarter was 2.5 percent. On an owned basis, fourth quarter comparable sales grew 2.0 percent.

The company expects comparable sales growth on an owned plus licensed basis, as well as on an owned basis, of approximately 2 percent in fiscal 2015. Total sales are expected to grow about 1 percent in fiscal 2015. Earnings of $4.70 to $4.80 per share are expected in 2015. Analysts expect the company to report full year earnings per share of $4.84.