Macy's posts surprise same-store sales growth

[August 15, 2018]  (Reuters) - Macy's Inc <M.N> on Wednesday reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter, boosted by strong performance across businesses.

: A customer exits after shopping at a Macy's store in the Brooklyn borough of New York, U.S., May 11, 2017. REUTERS/Brendan McDermid/File Photo

Sales at Macy's stores open more than 12 months, including sales in departments licensed to third parties, rose 0.50 percent, compared with the average analyst estimate of a 0.90 percent drop, according to Thomson Reuters I/B/E/S.

Net income attributable to Macy's shareholders rose to $166 million, or 53 cents per share, in the second quarter ended Aug. 4 from $111 million, or 36 cents per share, a year earlier.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil D'Silva)

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