Macy’s Stock Is Falling on Mixed Earnings and Weak Guidance - Barron's
1. Macy's Q4 earnings beat expectations but missed sales estimates. 2. Future sales guidance is below analysts' expectations and suggests weakness. 3. Ongoing macroeconomic challenges, including inflation, impact performance outlook. 4. CEO noted successful strategy in flagship stores but closed 64 locations. 5. Same-store sales expected to decline, raising concerns for the fiscal year.