Scalper1 News
Macy’s posted fiscal second-quarter earnings below views Wednesday as aggressive promotions took their toll. The department-store giant cut its full-year same-store sales forecast. Earnings rose 11% to 80 cents a share, short of forecasts by analysts for 86 cents. Sales rose 3.3% to $6.27 billion, reversing sales declines in each of the prior two quarters. Still, sales missed forecasts for $6.3 billion. Same-store sales rose 3.4% from a year Scalper1 News
Scalper1 News