Online sales (macys.com and bloomingdales.com combined) were up 51.7 percent in December and 40.4 percent in 2012 year-to-date compared with the same periods in 2011. Online sales are included in the same-store sales calculation for Macy's, Inc.The company now expects same-store sales for the fourth quarter of 2012 to increase by between 3 percent and 3.5 percent. This compares with previous guidance for fourth quarter sales to be up by approximately 4.2 percent. Earnings per diluted share for the fourth quarter now are expected to be in the range of $1.91 to $1.96, excluding costs associated with the previously announced debt tender offer and the store closings announced today. This compares with previous earnings guidance in the range of $1.94 to $1.99 per diluted share, excluding those costs.
Macy’s, Inc. Same-Store Sales Up 4.1% In December
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