Macy’s Lifts Outlook But Still Warns of Fickle Consumer

(Bloomberg) – Macy’s Inc. has increased its annual appearance and spent the latest best comparable sales growth, the latest latest signs, latest signs, despite the latest signs of inflation and tariffs.

Referring to power throughout the company on Wednesday, the retailer, currently expects a net sales of $ 21.45 billion for the financial year, up to 21.4 billion dollars and analysts have increased slightly better than the prediction of consensus, he said.

In addition to the name stores, the New York -based company, the owner of Bloomingdale and Blumercury, has lifted both upper and lower ends of the set diluted EPS guide.

Now, comparable sales for the year are expected to decrease by about 0.5% to 1.5% and better than a decrease of approximately 2% in May.

Despite Macy’s advanced appearance and strong financial second quarter performance, the store operator warned a more cautious consumer in the second half of the year. And the three -month income fell on an annual basis for 13 quarters in a row, which is an indication that the company still finds a formula for growth.

Since Tony Spring, Chairman of the Executive Board, has received the best job in 2024, he focused on developing Macy’s stores by targeting increasing staff and marketing and updating screens. The company said it would close the place showing about 150 low by 2026.

For three months that ended on August 2, the company emphasized a strong performance from 125 stores that Bloomingdale, Blumercury and Macy’s aim to raise. Net sales and comparable sales have exceeded the expectations of analysts.

Macy’s shares fell 20% at the closing of Tuesday this year.

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