Company outlines plans to mitigate sustained headwinds, Lowers fiscal 2016 sales
and earnings guidance
CINCINNATI, Ohio, May 11, 2016 – Macy’s, Inc. today reported first quarter 2016
earnings of 37 cents per diluted share (40 cents per share excluding non-cash settlement
charges related to the company’s retirement plans). This compares with 56 cents per
diluted share in the first quarter of 2015.
“We are seeing continued weakness in consumer spending levels for apparel and