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New York Post
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Macy's shares surge 18% as chain hikes profit, sales forecasts despite tariff costs

1. Macy's shares surged 18% following positive quarterly earnings. 2. CEO Tony Spring's turnaround strategy focuses on luxury brands and remodeled stores. 3. Annual sales forecast raised to $21.15-$21.45 billion, exceeding previous expectations. 4. Comparable sales growth of 0.8% marks Macy's best performance in 12 quarters. 5. Higher-income brands Bloomingdale’s and Bluemercury show strong sales growth.

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FAQ

Why Bullish?

The positive earnings report and updated forecasts significantly boost investor confidence. Historical context shows similar earnings beats led to sustained price increases in retail stocks.

How important is it?

The article directly impacts Macy's financial outlook and market perception. Stronger forecasts alongside a significant share price increase indicate investor optimism.

Why Short Term?

The immediate market response indicates investors are reacting quickly to news. However, sustained growth will depend on continued performance metrics and economic conditions.

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