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Macy’s, Inc. Reports Its Fourth Consecutive Year Of Double-Digit Growth In Earnings Per Share

Stocks in this article: M

In fiscal 2012, the company repurchased approximately 35.6 million shares of its common stock for approximately $1.350 billion. At Feb. 2, 2013, the company had remaining authorization to repurchase up to approximately $1.502 billion of its common stock.

Looking Ahead

The company is assuming same-store sales growth of approximately 3.5 percent in fiscal 2013. Guidance for earnings per diluted share in fiscal 2013 is $3.90 to $3.95. Capital expenditures for the year are expected to be approximately $925 million.

In fiscal 2013, the company has announced plans for new Macy’s stores in Victorville, CA, and Gurnee, IL, as well as a Macy’s Men’s Store in Las Vegas, NV. A new Macy’s will open in Bay Shore, NY, to replace a previous location. Bloomingdale’s will open a new store in Glendale, CA, and a new Bloomingdale’s Outlet store in Rosemont, IL.

Investor Conferences

Macy’s, Inc. will present at the Bank of America Merrill Lynch 2013 Consumer & Retail Conference at 8 a.m. ET on Wednesday, March 13, in New York City; the UBS Global Consumer Conference at 8:50 a.m. ET on Thursday, March 14, in Boston; the Telsey Advisory Group 5 th Annual Spring Consumer Conference at 8:10 a.m. ET on Tuesday, April 9, in New York City; and the Barclays Retail and Restaurants Conference at 8 a.m. ET on Tuesday, April 30, in New York City. Media and investors may access the live webcast of the presentations at www.macysinc.com/ir at the appointed times. The webcasts will be available for replay.

Macy’s, Inc. (NYSE:M), with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2012 sales of $27.7 billion. The company operates about 840 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 operates 12 Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement.

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