
Macy's Raises Annual Outlook After Fourth Straight Quarter of Sales Gains
Macy's announced its strongest first-quarter growth in four years, exceeding analyst expectations for both earnings and revenue, and subsequently raised its financial guidance and full-year outlook despite broader consumer concerns, marking its fourth consecutive quarter of sales gains.
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Analyzing sources…
Source Diversity
Source Diversity
Moderate (37/100)Sources
Macy's posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy's has been in the midst of a turnaround under CEO Tony Spring, who has worked to close underperforming stores and reinvest in ones worth keeping open.
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