Tuesday, February 25, 2020

Macy’s shares jump after earnings top estimates, helped by a last-minute holiday sales boost

Macy’s reported fourth-quarter earnings on Tuesday that outpaced expectations, helped by a boost from last-minute shoppers who lifted sales in the days leading up to Christmas.

“Taken as a whole, 2019 did not play out as we intended for Macy’s, Inc. However, we executed well during the Holiday 2019 season,” CEO and Chairman Jeff Gennette said in a statement.. . . more