Macy's, Inc. M announced Thursday that its comparable sales on an owned plus licensed basis rose by 2.7 percent in the months of November and December 2014 combined, compared with the same period last year.
According to the company, the results are inline with guidance provided on November 12, 2014, for a comparable sales increase of 2 percent to 3 percent on an owned plus licensed basis in the full fourth quarter of 2014.
On an owned basis, comparable sales rose by 2.1 percent in the combined November/December period. The company had guided for an increase of 1.8 percent to 2.8 percent in the full fourth quarter.
The results appeared to disappoint investors as shares fell to $65.85 in the after-hours session, down 2.9 percent.
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