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Benzinga
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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.

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FAQ

Why Bullish?

The better-than-expected earnings and raised guidance positively influence investor sentiment. Historically, similar earnings surprises can lead to sustained price appreciation.

How important is it?

Positive earnings reports and guidance increases the likelihood of attracting investor interest, despite ongoing tariff concerns.

Why Short Term?

Immediate price reactions often happen post-earnings, but long-term effects depend on tariff resolutions and store closures.

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