Macy's delivers 22% earnings growth, raises guidance

CINCINNATI — After delivering a 22% increase over the prior year in diluted per share for it second quarter (from 55 cents to 67 cents), Macy's Inc. has raised its full-year earnings guidance for 2012. The company now expects earnings per diluted share to range from $3.30 to $3.35, compared with previous guidance for earnings per diluted share of $3.25 to $3.30. Guidance for same-store sales in fiscal 2012 remains unchanged at an increase of approximately 3.7%. Macy's reported second-quarter sales of $6.1 billion, up 3% from total sales of $5.939 billion in the second quarter of 2011. On