Macy’s Shares Drop After Releasing Full-Year Revenue Guidance Below Estimates
Macy’s Inc. (NYSE:M) shares fell by 3.3% in premarket trading following the release of second-quarter results that beat earnings and revenue estimates but came with full-year guidance below expectations. The company reported adjusted EPS of $0.63, surpassing analyst forecasts of $0.35, while revenue rose to $4.9 billion from $4.8 billion a year ago, exceeding the estimated $4.78 billion. Comparable sales increased across all segments, with Bloomingdale's and Bluemercury showing strong growth. Despite positive quarterly results, Macy’s full-year revenue guidance of between $21.68 billion to $21.83 billion was below the consensus estimate of $21.82 billion. The company also forecast adjusted EPS for fiscal 2027 in a range that matched analyst expectations at its midpoint but failed to impress investors with top-line projections.
Topics: financial_results retail stock_performance