The company forecast 2022 net sales of $24.34 billion to $24.58 billion, compared with its previous outlook of $24.46 billion to $24.70 billion.
The company cut its full-year guidance due to increasing macro headwinds and pressures on the consumer.
Macy's Inc. M, -4.07% share rose 3.6% in premarket trade Tuesday, after the company posted better-than-expected earnings for the second quarter, although it lowered its full-year guidance to reflect a
(Reuters) -Macy's Inc cut its full-year sales and profit forecasts on Tuesday as decades-high inflation saps consumer spending power for apparel and other discretionary products, especially among lowe
Macy's on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel.
"Mad Money" host Jim Cramer ran through his weekly game plan on Monday's episode of the show, which included some previews of upcoming corporate earnings reports.
Macy's reports earnings before the market opens on Tuesday. Nordstrom weighs in after the close.
Jan Kniffen, J. Rogers Kniffen WWE CEO, joins ‘Power Lunch' to explain why big retailers like Macy's and Kohl's have physical stores even though their online sales are spiking.
The earnings traders will be watching next week. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, July Biel and Steve Grasso.
Undervalued stocks are  businesses that trade below their intrinsic value.  Thomas Chua is the author of the 3-Bullet Sunday investment newsletter.
The three major U.S. equity indexes closed higher on Thursday. The Dow Jones industrials added 0.06%, while the S&P 500 rose by 0.23%, and the Nasdaq closed up 0.21%.
Macy's Inc (NYSE:M) will join the long list of retailers to recently report earnings, with its numbers for the second quarter due out next week before the open on Tuesday, Aug. 23.
In the latest trading session, Macy's (M) closed at $19.96, marking no change from the previous day.
Macy's (M) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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