For the thirteen weeks period ended January 28, 2017, earning per diluted share at apparel retailer Macy’s dipped 11 per cent to $1.54, as against $1.73 earning per diluted share in the prior fiscal’s fourth quarter. Adjusted earning per diluted share was $2.02 in the fourth quarter of fiscal 2017 compared to $2.09 for the fourth quarter of earlier fiscal.
Sales in the reporting quarter amounted to $8.515 billion, a decline of 4 per cent vis-à-vis sales of $8.869 billion in the corresponding quarter of fiscal 2016.For the thirteen weeks period ended January 28, 2017, earning per diluted share at apparel retailer Macy's dipped 11 per cent to $1.54, as against $1.73 earning per diluted share in the prior fiscal's fourth quarter. Adjusted earning per diluted share was $2.02 in the fourth quarter of fiscal 2017 compared to $2.09 for the fourth quarter of earlier fiscal.#
According to the apparel retailer, comparable sales fell 2.7 per cent on an owned basis in the period under review, while comparable sales on an owned plus licensed basis decreased 2.1 per cent.
For the fourth quarter of fiscal 2017, operating income reached $815 million, or 9.6 per cent of sales, down from operating income of $936 million, or 10.6 per cent of sales in the previous fiscal’s same quarter. (AR)
Fibre2Fashion News Desk – India
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