Macy's Q2 earnings call: Biggest Takeaways

📆 22/08/2023 21:22:00
📰 YahooFinanceCA

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Macy's (M) stock trends lower this morning despite reporting a second-quarter earnings beat. The department store retailer is seeing declines in same-store sales and credit card revenues tied to delinquencies. Yahoo Finance Reporter Brooke DiPalma joins the Live show to break down Macy's CFO Adrian V. Mitchell's comments from the retailer's earnings call, including the success the chain is seeing in smaller-sized stores and its cautious outlook.

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Macy’s Earnings Top Forecasts as Promotions Attract ShoppersMacy’s Inc. profit beat analyst expectations as markdowns attracted bargain-hunting shoppers who are pulling back on purchases after a pandemic shopping boom.
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Macy's earnings beat estimates, but execs send warning signal on health of America's shoppersMacy's may have beat estimates, but it's taking a cautious outlook for the rest of the year.
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