Diluted EPS, attributable to its shareholders, was reported to be $1.73 in the fourth quarter of FY15 as compared to $2.26 in the corresponding quarter of fiscal 2015, a fall of 23.45 per cent.
Operating income for the quarter was $936 million as compared to $1,364 million in the same period of the prior fiscal, a fall of 31.37 per cent.
Net sales for Q4 stood at $8,869 million as compared to $9,364 million in the prior fiscal, a fall of 5.58 per cent.
Commenting on the results, Terry Lundgren, chairman and CEO of Macy's said, “While 2015 was challenging, our sales trend improved in January as the weather turned colder in northern climate zones and Macy's and Bloomingdale's were well-stocked in coats, boots, sweaters, gloves, hats and other seasonal goods. As the year ended, our inventories were in good shape (up by 0.7 percent on a comp basis).”
“We are encouraged by the way the business responded going into 2016, and we believe we are well positioned to stabilise sales levels this year as we lay the foundation for enhanced shareholder value and sustained, long-term profitable growth,” he added.
Earnings of $3.80 to $3.90 per diluted share are expected in 2016. (MCJ)
Fibre2Fashion News Desk - India
Textiles | On 27th May 2018
To curb illegal imports, Ghanaian authorities will put a tax stamp on ...
Apparel/Garments | On 27th May 2018
Partners Group, a private markets investment manager, and Kedaara...
Textile industry, India
The event should be organised every year
GST will certainly reduce a lot of paperwork in future
Vidhyaa Shankar. S
A Ganapathi Chettiar
'The usage of knits is getting into the boundaries of woven fabrics'
Activewear brand Soul Space promotes organic cotton farming and...
<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...
Idealin Fogging Systems has been engaged in designing and manufacturing...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
From its modest beginning in the late 1960s, Shrujan has grown into a...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...