Stocks_Spot
Nov 10, 7:20 PM
$M heads into its third-quarter report with management having already set a soft bar. On September 10, Macy's posted Q2 comparable sales growth of 2.7%, led by Bloomingdale's at +11.3%, and raised its full-year outlook to net sales of
$21.675–
$21.825B and adjusted EPS of
$2.15–
$2.35. At the same time, it guided Q3 to net sales of
$4.65–
$4.70B, comps between -0.5% and +0.5%, and an adjusted loss of
$0.19–
$0.23 per share. Part of that reflects reinvestment: Macy's plans to put
$96M of its
$116M in tariff refunds back into the business,
$82M of it in Q3. The report date has not yet been confirmed. The key question is whether that spending keeps comps positive heading into the holiday quarter.
Not financial advice. Do your own research.
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