Macy’s Cuts Earnings Guidance on Tariff and Spending Uncertainty - Barron's
1. Macy's beat profit estimates but lowered its yearly outlook. 2. Adjusted earnings were 16 cents, higher than the expected 15 cents. 3. Revenue of $4.8 billion exceeded projections of $4.4 billion. 4. Profit guidance trimmed from $2.05-$2.25 to $1.60-$2.00 per share. 5. Sales forecast remains unchanged despite overall declines in same-store sales.