Macy's Inc M reported a 6.2% rise in its December same-store sales.
Analysts were expecting same-store sales to increase 5%. Macy's total sales for the five weeks ended December 31 surged 6.6% to $4.93 billion.
Macy's raised its Q4 profit forecast to $1.55 to $1.60 per share, versus its prior forecast of $1.52 to $1.57 per share. It also doubled its quarterly dividend to $0.20 per share.
Macy's shares gained 0.31% to $32.75 in pre-market trading.
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Posted In: EarningsNewsGuidanceDividendsRetail SalesConsumer DiscretionaryDepartment StoresSame-store sales
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