Macy's Beats Sales Expectations, Raises Outlook

Macys Achieves Strongest Growth in Over Three Years, Raises Sales and Earnings Outlook: Macys has surpassed Wall Streets sales expectations for three consecutive quarters, marking its strongest growth in over three years. The department store chain has raised its sales and earnings outlook for the entire year, demonstrating confidence after a better-than-expected fiscal third quarter. Macys now expects adjusted earnings per share between $2.00 and $2.20, up from its previous forecast, and increased its net sales projection to between $21.48 billion and $21.63 billion. The company is taking a cautious approach to the upcoming holiday quarter, facing tough comparisons to last year and uncertainty about how aspirational customers might spend. Macys is investing in better staffing, sharper merchandise, and eye-catching displays in 125 stores to boost sales, particularly for its main brand.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.