Macy’s, Inc. reiterated its guidance (provided on Nov. 7) for fourth quarter sales and earnings. The company expects same-store sales in the fourth quarter to be up by approximately 4.2 percent. Fourth quarter earnings per diluted share are expected in the range of $1.94 to $1.99, excluding costs associated with the previously announced debt tender offer.Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2011 sales of $26.4 billion. The company operates about 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s, as well as the macys.com and bloomingdales.com websites. The company also operates 12 Bloomingdale’s Outlet stores.
Macy’s, Inc. Same-Store Sales Down 0.7% In November
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