Wednesday, November 14, 2018

Macy's Smashes Q3 Earnings Forecast, Boosts 2018 Outlook Ahead of Black Friday

TheStreet.com
Macy's Inc. posted much stronger-than-expected third quarter earnings Wednesday, and boosted its full year profit guidance, as same-store sales growth numbers continue to point to a robust holiday shopping season for the iconic U.S. retailer.

 Comparable store sales rose 3.3% on an owned-plus licensed basis, Macy's said, adding it now sees full-year sales to rising between 0.3% and 0.7%.  . . . more