Macy's Profit Tops Estimates But Retail Giant Warns About Tariffs
1. Macy's reported Q1 EPS of $0.16, exceeding analyst expectations. 2. Sales fell 5% YoY, missing forecasts at $4.60 billion. 3. Company lowered full-year EPS outlook to $1.60-$2.00, from $2.05-$2.25. 4. Macy's plans strategic price hikes to counter tariff impacts. 5. Shares gained 2%, but have lost 28% of value this year.