“Thursday's First Moves: AEO, M & COO Sell Off After Earnings”
Macy's shares are down ~5% on earnings; while EPS and guidance were raised, gross margin compression drove the negative price action.
Well, Macy's, you know, if you look at the numbers themselves, there was a strong beat um at the very least on an EPS front and sales came in around 4.87 billion versus 4.81. We can see the stock is trading slightly to the downside by about 5%.
The EPS um you know last year was 35 cents. They posted 63 cents. Uh estimates were around 37 cents. Uh comp sales systemwide consensus was 1%. They did post as a total business 2.7%.