Are you looking at . As you give us the eps number, it matches estimates, but the sales number is a big miss. Comparable sales, spain samestore sales was down 1. 6 . Analysts were looking for a gain of 1. 3 . What happened in the First Quarter was the weather issues. Frigid temperatures in february. Multiple winter storms. Amateurs were much colder in february than they were in the previous year. A late easter as well. Inventory buildup that carried over into the First Quarter and macys had frequent oneday sales, giving you an indication of how frequently they had to markdown merchandise to clear store shelves. That pressures margins as well. In terms of growth margins, 30. 9 for the quarter. Higher than what analysts were looking for, 38. 7 . The key much the same as it was one year ago. Samestore sales number caught my eye, and unexpected drop of 1. 6 . What we hear from macys is they have raised the Share Buyback by 1. 5 billion, and it is also increasing its dividend by five percen
Southwest unveils 2 new seasonal routes in latest schedule extension
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