Macy's stock climbs after topping Q1 earnings estimates

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Macy,Turnaround Strategy,Consumer Spending

Shares of Macy's (M) are climbing higher after the company topped first quarter earnings expectations and raised its full-year guidance. Yahoo Finance...

Let's talk about Macy's, those shares are higher after the company top first quarter earnings expectations and raised its full year earnings guidance.But the expectations were quite low.

But CFO Adrian Mitchell once again, citing that this is a difficult consumer background environment and they continue to believe that there's a lot of uncertainty and inflation continues to remain stubborn, perhaps pushing off uh customers from coming in more.They're seeing a lot more ground there.They plan to build out 30 stores in the next three years and Bloomingdale's comps were up 0.3%.So people still liking and going to those luxury region.

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