Macy's easily beats earnings estimates, raises full-year guidance
1. Macy's Q2 earnings surpassed expectations, boosting investor confidence. 2. The company raised its full-year earnings and sales outlook significantly. 3. Revamped stores contributed to improved sales trends, indicating operational improvements. 4. Net sales decreased from $4.94 billion to $4.81 billion year-over-year. 5. CEO Tony Spring expressed confidence in navigating current market challenges.