Macy's Q1 Bluemercury's Comparable Sales +4.3% Y/Y On Owned Basis
Portfolio Pulse from Benzinga Newsdesk
Macy's Q1 Bluemercury's comparable sales increased by 4.3% YoY on an owned basis, with approximately 676,000 active customers shopping the brand. The strength was seen in clinical and medical skincare and color categories.
June 01, 2023 | 11:02 am
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Macy's-owned Bluemercury's Q1 comparable sales rose 4.3% YoY, driven by growth in clinical and medical skincare and color categories.
Macy's Q1 Bluemercury sales increased by 4.3% YoY, indicating a positive impact on Macy's overall revenues. The growth in clinical and medical skincare and color categories suggests a strong demand for these products, which could lead to higher sales and potentially a positive impact on Macy's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100