Macy’s Inc. (NYSE: M) reported its fiscal fourth-quarter financial results before the markets opened on Tuesday. The company said it had $2.09 in earnings per share (EPS) on $8.87 billion in revenue, which compares to Thomson Reuters consensus estimates of $1.89 in EPS on revenue of $8.83 billion. In the same period of the previous year, the retailer posted EPS of $2.44 and $9.36 billion in revenue.
In terms of guidance in for the coming fiscal year, the company expects EPS in the range of $3.80 to $3.90 on a total sales decline of about 2%. Comparable sales are expected to decline by roughly 1% as well. Consensus estimates call for $3.83 in EPS on $26.47 billion in revenue.
In fiscal 2015, Macy’s repurchased about 34.8 million shares of its common stock for roughly $2.0 billion. At the end of January, the company had remaining $500 million remaining in its repurchase.
Recently the company announced licensed department arrangements with companies including LensCrafters, Men’s Wearhouse and Best Buy to add new categories to the Macy’s store assortment. At the same time, Macy’s also completed the acquisition of Bluemercury, which added capabilities to its signature beauty business.
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