Macy's Stock News

A Kohl's executive recently said fine jewelry “just seems to be something that continues to trend incredibly well with our customers.”

Adding higher-priced products and catering to middle- and high-income consumers helped drive sales growth across the Macy's, Inc. brands in the second quarter, executives said Thursday (Sept. 10) during an earnings call.

Macy's (M) stock opened in the red on Thursday even though the retailer posted a top- and bottom-line beats – and modestly raised its guidance for the full-year as well. The department store chain recorded 40 cents per share of earnings (EPS) for its Q2 on $4.87 billion in revenue, handily beating 37 cents a share and $4.83 billion consensus.

Macy's, Inc. (NYSE:M) raised its full-year profit outlook after quarterly sales topped analyst estimates, helped by a boost from tariff refunds, even as shares of the department store operator fell 3% on weaker-than-expected guidance. The company reported second-quarter revenue of $4.9 billion, above the $4.83 billion analysts had expected and up 1.1% from a year earlier.

The department-store retailer lifted its full-year net sales outlook to $21.68 billion to $21.83 billion, from its previous outlook in June of $21.5 billion to $21.75 billion.

Macy's raised its annual sales and profit forecasts on Thursday after stronger performance at its upmarket Bloomingdale's and ​Bluemercury chains as higher-income shoppers keep spending despite an uncertain ‌economic backdrop.

Macy's posted strong second fiscal quarter results on Thursday and raised its full-year guidance. The retailer hiked its outlook for net sales and comparable sales.