Macy's 2Q Same-Store Sales Rise 2.7%, Topping Expectations
M sits 32% above its 52-week low of $16.41.
Summary
Macy's reported a 2.7% increase in second-quarter same-store sales, topping expectations. The company raised its annual outlook, now expecting fiscal-year adjusted EPS of $2.15 to $2.35. Bloomingdale's outperformed with record second-quarter sales volume, and tariff refunds lifted second-quarter earnings. The positive results follow a strong first quarter and suggest continued momentum into the back half of the year.
At the time of this announcement, M was trading at $21.59 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $16.41 to $26.59. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.