Macy's Updates 2024 Revenue Guidance From $22.2B-$22.9B To $22.3B-$22.9B
Portfolio Pulse from Benzinga Newsdesk
Macy's has updated its 2024 revenue guidance, adjusting the range from $22.2 billion-$22.9 billion to $22.3 billion-$22.9 billion.
May 21, 2024 | 10:58 am
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Macy's has updated its 2024 revenue guidance, raising the lower end of the range from $22.2 billion to $22.3 billion while keeping the upper end at $22.9 billion.
The slight increase in the lower end of the revenue guidance range suggests a more optimistic outlook for Macy's financial performance in 2024, which could positively impact investor sentiment and the stock price in the short term.
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