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China's hotel stocks may face some pressure in the near term, HSBC analysts say, noting that they previously "underestimated the combined impact of this summer's adverse weather and elevated fuel costs on hotel demand." The industry's revenue per available room moderated to a low-single-digit decli…
Macy's said second-quarter net sales, comparable sales, adjusted EBITDA and adjusted diluted EPS all exceeded guidance. The company reported 2.7% comparable sales growth and said adjusted EPS was 63 cents, helped by tariff refunds.