Macy’s Shares Fall After Annual Forecast Cut
Macy's Inc cut its full-year earnings and profit forecast after experiencing a slowdown in demand for its high-end products. The retailer's shares declined by 7% on Thursday morning.
The department store company is now expecting its full-year sales to be between $22.8 billion and $23.2...
Macy’s Stock Rises Following Positive Earnings Forecast
Macy's Inc stocks jumped by 5% on Thursday after the department store posted positive earnings results, upping its annual forecast for 2023 as a result.
The retail chain's earnings were largely boosted by its decision to offer steep discounts during the holiday period in an...
Macy’s Stock Jumps Despite Full-Year Forecast Cut
Announcing its second-quarter results on Tuesday, Macy’s cut its full-year forecast to $4.00-to-$4.20 per share from the previously expected $4.53-to-$4.95 per share. However, this did little to discourage investors as the company’s stock saw a jump of more than 5% at one point following...