MACY'S is reporting an 11 per cent increase in fourth-quarter profit, but its results missed Wall Street expectations as a string of winter storms chilled sales in January.
The department store chain, which operates Macy's and Bloomingdale's, says that it earned $US811 million ($A900 million), or $US2.16 per share, in the three months that ended February 1. That compares with $US730 million, or $US1.83 per share, a year earlier.
Revenue slipped 1.6 per cent to $US9.2 billion.
Analysts were expecting $US2.17 per share on revenue of $US9.28 billion, according to FactSet.
Revenue at stores open at least a year rose 1.4 per cent, below the 2.5 per cent increase that Wall Street analysts expected.
The Cincinnati-based retailer has been a standout among its peers throughout the economic recovery.
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