Macy's store, Philadelphia, Pa., Feb. 19, 2023for the holiday quarter slid with inflation leading some customers to pull back, but it beat Wall Street expectations and its outlook for 2023 didn't disappoint given the uncertain economic environment.between $3.67 and $4.11 per share, compared with analysts projections for per-share earnings of $3.78.
Macy's earned $508 million, or $1.83 per share, in the quarter ended Jan. 28. Stripping out certain items, its earnings were $1.88 per share. That tops the per-share earnings of $1.57 thatSales declined to $8.26 billion from $8.67 billion, but that also topped analyst projections. Macy's Inc. it expects sales of $23.7 billion to $24.2 billion for 2023, which is on the lighters side compared with analyst projections.Posted by Associated PressBest Buy store, Mount Laurel, N.J., Feb.
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