M - Macy's Q1 results top expectations lifts guidance but comp sales remain negative
2024-05-21 08:29:28 ET
Macy’s ( NYSE: M ) shares are in the green in Tuesday’s premarket trading after the department store’s Q1 results came in above analysts’ conservative expectations, and the company raised its bottom-line revenue guidance by $100M. But the gains have been tempered by the lingering pressure on comparable store sales and by the impact discounting has had on Macy’s merchandise margin....
Macy's Q1 results top expectations, lifts guidance, but comp sales remain negative