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Macy's, Inc. Message Board

  • bluecheese4u bluecheese4u Feb 26, 2013 9:33 AM Flag

    Macy’s, Inc. Reports Its Fourth Consecutive Year of Double-Digit Growth in Earnings Per Share

    Macy’s, Inc. Reports Its Fourth Consecutive Year of Double-Digit Growth in Earnings Per Share

    Diluted 2012 EPS is $3.24, or $3.46 as adjusted, +20% vs. prior year;
    Diluted 2013 EPS guidance of $3.90 to $3.95 points to continued double-digit growth

    CINCINNATI--(BUSINESS WIRE)--Feb. 26, 2013-- Macy’s, Inc.’s sales and earnings grew significantly in the fourth quarter and full year 2012, ended Feb. 2, 2013. The company exceeded the guidance it provided coming into 2012, and today is providing new guidance for continued growth and progress in 2013.

    “2012 was another great year in our company’s evolving story of growth. The numbers reflect our success in pursuing the right strategies, and executing them with conviction in every part of the business with a talented team we consider to be the best in retailing,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “We again added more than $1 billion in top-line sales growth in 2012. Comp sales rose by 3.7 percent for the year, on top of increases of 5.3 percent in 2011 and 4.6 percent in 2010. Earnings per share grew by double-digits for the fourth consecutive year. Operating cash flow continued to be strong, and we used excess cash to repurchase shares and double the dividend.

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