Macy's raises outlook for same-store sales to 1%–1.5%
Macy's raised its guidance for same-store sales growth to 1%–1.5% from 0.5%–1.2%. It reported roughly 3% growth in the first two quarters of the year.
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Macy's raises full-year outlook after Q2 beat
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.