Financial GuidanceManagement forecasts a decrease in EBIT margin to 3.5-4% and a decline in EPS to $1.65-2.05, reflecting lower profitability expectations.
Sales PerformanceFull-Line net sales declined by 3.0%, more than the Street's forecast of a 2.3% decline.
Strategic ConcernsAnalyst reiterates Underperform rating due to continued risk to sales and profitability, amidst structural challenges in the department store sector.