Macy's Expects Q2 Adj EPS Between $0.25-$0.33 vs $0.22 Est., Net Sales $4.97B-$5.1B vs $5.08B Est.
Portfolio Pulse from Benzinga Newsdesk
Macy's has provided its Q2 financial outlook, expecting adjusted EPS between $0.25 and $0.33, which is higher than the estimated $0.22. The company also anticipates net sales between $4.97 billion and $5.1 billion, compared to the estimated $5.08 billion.
May 21, 2024 | 12:17 pm
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Macy's has provided a positive Q2 financial outlook, with adjusted EPS expected to be higher than estimates and net sales in line with expectations. This could lead to a short-term increase in stock price.
The higher-than-expected adjusted EPS and net sales in line with estimates indicate strong financial performance, which is likely to positively impact Macy's stock price in the short term.
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