Home / Knowledge / News / Apparel/Garments / Q4FY17 EPS dips 11% at apparel retailer Macy's
Q4FY17 EPS dips 11% at apparel retailer Macy's
24
Feb '17
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.

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


Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search