Macy's Finds A New Fit: Earnings Beat, Outlook Raised But Tariffs Still Pinch
1. Macy's Q2 earnings exceeded expectations, reaching $4.81 billion in sales. 2. Fiscal outlook raised for 2025, with EPS guidance from $1.60-$2.00 to $1.70-$2.05. 3. Tariff impacts projected to reduce FY25 EPS by 25-40 cents. 4. Plans to close 150 weak stores and expand luxury by 20%. 5. Analyst maintains Market Perform rating but raises price forecast from $14 to $17.