Federated's Same-Store Sales Increase
Federated Department Stores Inc., owner of the Bloomingdale's and Macy's department store chains, reported Aug. 9 that sales in the second quarter ended July 29 were $5.995 billion, a 65 percent increase compared to last year.
On a same-store basis, Federated's quarterly sales were up 4.6 percent.
For the year to date, Federated's sales totaled $11.925 billion, up 64 percent from last year. On a same-store basis, sales increased 2.2 percent during the same period.
The Cincinnati-based retail giant also reported earnings of 51 cents per diluted share from continuing operations for the second quarter compared to 42 cents per diluted share for the same period last year.
For the first half of the year, Federated reported diluted earnings per share from continuing operations of 37 cents per share compared with 78 cents per share in the first half of 2005.
Federated's sales and earnings for the second quarter and first half of 2006 include results of The May Department Stores Company, which was bought Aug. 30, 2005