•Comparable sales growth of 0.6% on an owned basis; 0.7% on an owned plus licensed basis
•EPS and adjusted EPS of $0.44
•2019 strategic initiatives on track to deliver sales growth
•Company reaffirms annual 2019 sales and earnings guidance
Macy’s, Inc. reported results for the first quarter 2019 and reaffirmed annual sales and earnings guidance for fiscal 2019.
“Macy’s, Inc. is off to a solid start this year, delivering our sixth consecutive quarter of comparable sales growth and making progress against the North Star Strategy. As an omnichannel retailer, we are focused on growing our customer base by providing a great experience across all channels and taking market share category by category. Our brick & mortar sales trend improved sequentially in the first quarter, supported by the Growth50 stores and Backstage. We had another quarter of double-digit growth in our digital business, and mobile continues to be our fastest-growing channel,” said Jeff Gennette, Macy’s, Inc. chairman & chief executive officer. “We are pleased with the progress we are making on our strategic initiatives as they continue to drive top-line growth, keeping us on track to reach our 2019 goals. We believe these initiatives, coupled with productivity improvements, position our company well for long-term profit growth.”