Reported about 6 hours ago
Macy's shares fell as the company reported a 0.2% increase in same-store sales, missing analysts' expectations of 1.23%. Despite adjusted earnings per share of $1.80 beating estimates, a cautious outlook influenced by new tariffs and changing consumer behavior has led to downward projections for revenue and same-store sales in 2025, reflecting a challenging retail environment.
Source: YAHOO