Reported 1 day ago
Macy's exceeded low earnings forecasts in its first quarter, reporting $4.6 billion in revenue, although it faced a 5.1% decline year-over-year and a 40.7% drop in adjusted earnings per share. The retailer's same-store sales fell 1.2%, while it navigates rising tariffs and cautious consumer spending, leading to a revised earnings outlook for 2025. Despite these challenges, Macy's stock rose 3%, highlighting some investor optimism.
Source: YAHOO