Macy's 'Bold New Chapter' Gains Traction: Analysts Say Retailer Delivers In Q1 Results, While Some Risk Remains
Portfolio Pulse from Priya Nigam
Macy's Inc (NYSE:M) shares rose after reporting better-than-expected Q1 earnings and raising its full-year outlook. Analysts from JPMorgan, Goldman Sachs, and Morgan Stanley provided positive but cautious ratings, highlighting strong same-store sales and disciplined cost management, while noting some risks remain.
May 22, 2024 | 4:32 pm
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Macy's reported better-than-expected Q1 earnings and raised its full-year outlook, leading to a 1% rise in shares. Analysts from JPMorgan, Goldman Sachs, and Morgan Stanley provided positive ratings, citing strong same-store sales and disciplined cost management, but also noted some risks.
Macy's reported strong Q1 earnings, beating expectations and raising its full-year outlook. Analysts from major firms provided positive ratings, highlighting strong same-store sales and cost management. However, some risks were noted, including real estate bids and credit card fee regulations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100