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Macy's Raises Full-Year Profit Forecast

Tiger Newspress2022-05-26

Macy's Inc raised its full-year profit forecast on Thursday, helped by strong demand for apparel from consumers returning to work and social events, even as red-hot inflation saps consumer spending power for discretionary products.

The company said it expects fiscal 2022 adjusted earnings per share of $4.53 to $4.95, compared with its previous forecast of $4.13 to $4.52.

Macy's shares jumped 15% after reporting quarterly results.

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  • MrTig3r
    ·2022-05-26
    power
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  • Projme
    ·2022-05-26
    Like
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  • babiboo
    ·2022-05-26
    Wow yaa
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  • babiboo
    ·2022-05-26
    Wow ya
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  • Baby Step 4
    ·2022-05-26
    Nice
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