( ) -q-28- UNDATED (Correspondent Jeremy House) “of 4.82-billion dollars.” Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. [CutID: <Cuts> MACY’S-SALES-PROFITS-house-q-TUEam.mp3 Time: 28s Title: MACY’S-SALES-PROFITS-house-q-TUEam Out-cue: of 4.82-billion dollars] TAG: Correspondent Jeremy House reporting. Macy’s raised its outlook for sales and […]
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Macy’s tops expectations for Q1 as luxury and beauty sales shine
( ) -q-28- UNDATED (Correspondent Jeremy House) “of 4.82-billion dollars.”
Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending.
[CutID: <Cuts> MACY’S-SALES-PROFITS-house-q-TUEam.mp3
Time: 28s
Title: MACY’S-SALES-PROFITS-house-q-TUEam
Out-cue: of 4.82-billion dollars]
TAG: Correspondent Jeremy House reporting. Macy’s raised its outlook for sales and profits for the second quarter.
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VERBATIM: Macy’s reported earnings of $62 million for the quarter ended May 4. That compares with $155 million in the year-ago period. Revenue dipped to $4.85 billion, down from $4.98 billion in the year-ago period. According to a survey by FactSet however, Wall Street had been looking for a profit of 16 cents per share, on sales of $4.82 billion.