Macy's Q1 revenue increases, maintains outlook

Macy’s, Inc. has reported revenues of 5.5 billion dollars for the first quarter, up 0.6 percent on owned and 0.7 percent on owned plus licensed basis. Net income attributable to Macy’s, Inc. shareholders reached 136 million dollars compared to 139 million dollars last year, while EBITDA reached 446 million dollars compared to 492 million dollars last year. Diluted earnings per share were 44 cents against 45 cents last year.