Tuesday, August 23, 2022

Macy's Cuts FY22 Guidance

While reporting second-quarter results on Tuesday, Macy's, Inc. (M) lowered its outlook for the remainder of the year to incorporate the risk in the continued deterioration of consumer discretionary spending in some of the categories and the level of inventory within the industry, as well as risks associated with a more pronounced macro downturn.

from RTT - Earnings https://ift.tt/yVz0U42
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