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Macy's raises full-year outlook after strongest Q1 sales growth in four years.

Company Fundamentals
03 Jun 2026
CNBC
View Source
Bullish
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Macy's reported its best first-quarter comparable sales growth in four years, with a 3% overall increase, driven by improvements in store staffing and product assortment. The company raised its full-year sales guidance to $21.5-$21.75 billion and earnings per share to $2-$2.20, reflecting stronger-than-expected performance. CEO Tony Spring credited steady consumer demand and strategic reinvestments in stores, despite economic uncertainties. The positive trends seen in Q1 have continued into Q2, supporting Macy's ongoing turnaround efforts.

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