Federated Department Stores First Quarter Earnings Call
11th June 2007 00:00 AM |
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| The income from continuing operations, excluding integration costs, was $74 million versus $7 million in the previous year. |
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| The operator of a chain of departmental stores reported slight decrease in the sales to $5.921 billion from $5.930 billion in prior year, on weak sales in the month of April. During the quarter, Federated Department Stores opened six new stores, five Macy’s and one Bloomingdale’s. The company repurchased 45 million outstanding shares of common stock by paying roughly $2 billion. For the Q2, the company expects EPS in the range of 35 to 45 cents versus the previous guidance of 40 to 45 cents. |
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