Macy's Sees FY23 Sales Guidance Of $22.9B-$23.2B Versus Prior Guidance Of $22.8B-$23.2B And Consensus Of $23.11B
Portfolio Pulse from Benzinga Newsdesk
Macy's has updated its FY23 sales guidance to a range of $22.9B-$23.2B, slightly increasing the lower end from the previous guidance of $22.8B-$23.2B. This update is in comparison to a market consensus of $23.11B.

November 16, 2023 | 12:00 pm
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Macy's has modestly raised the lower end of its FY23 sales guidance, indicating a potential positive outlook on revenue.
Macy's slight increase in the lower end of its sales guidance suggests management's confidence in the company's performance. This could be perceived positively by investors, potentially leading to a short-term uptick in the stock price. However, since the change is modest and the upper end of the guidance remains unchanged, the impact may be limited.
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IMPORTANCE 75
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