Macy's expects holiday-quarter sales below prior expectation
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Macy's has announced that it expects its fourth-quarter net sales to fall slightly below the previously forecasted range of $7.8 billion to $8.0 billion.
January 13, 2025 | 12:30 pm
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Macy's has revised its fourth-quarter sales forecast, expecting net sales to be slightly below the previously estimated range of $7.8 billion to $8.0 billion.
Macy's announcement of expected lower-than-forecasted sales for the holiday quarter is likely to negatively impact investor sentiment, leading to a potential short-term decline in stock price. The holiday season is crucial for retail sales, and any downward revision in expectations can be seen as a negative indicator.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100