By  on May 15, 2019

Despite a slight dip in the bottom line, Macy’s posted another quarter of comparable-sales growth and said it had a “solid start” to the year.

Net income for the first quarter ended May 4, slipped to $136 million, from $139 million in the year-ago quarter. However, the company saw comparable-sales expand 0.7 percent on an owned plus licensed basis, marking the sixth-consecutive quarter of comp gains.

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