Reported 1 day ago
Macy's shares surged 17% following the company's announcement of better-than-expected second-quarter results, including a 0.8% increase in comparable sales across its stores. The retailer raised its full-year earnings per share and revenue guidance, highlighting solid demand at its 'Reimagine' stores, Bloomingdale's, and Bluemercury. Despite a 3.8% drop in overall store sales, the growth in comparable sales marks the strongest performance for Macy's in 12 quarters, showcasing its strength as a multi-brand, omni-channel retailer.
Source: YAHOO