(Reuters) - The company, which has said that sales at former May stores
have been disappointing, forecast earnings of 20 cents to 30
cents per share, excluding merger integration costs, for the
second quarter that began on May 6. Its previous profit
forecast was 35 cents to 45 cents a share.
For the five weeks ended July 7, sales at stores open at
least one full fiscal year fell 2.7 percent, worse than
analysts' expectation of a 1.9 percent drop as well as Macy's
own forecast for a fall of up to 2 percent.
Read more at Reuters.com Market News
have been disappointing, forecast earnings of 20 cents to 30
cents per share, excluding merger integration costs, for the
second quarter that began on May 6. Its previous profit
forecast was 35 cents to 45 cents a share.
For the five weeks ended July 7, sales at stores open at
least one full fiscal year fell 2.7 percent, worse than
analysts' expectation of a 1.9 percent drop as well as Macy's
own forecast for a fall of up to 2 percent.
Read more at Reuters.com Market News
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