13 Jan 2025 | 14:08
Macy's trims Q4 sales outlook
(Sharecast News) - US department store Macy's slightly downgraded its sales outlook for the fourth quarter after a quieter-than-expected Christmas period.
The company now expects net sales to range from $7.8bn - $8bn, slightly below previous expectations. Adjusted diluted EPS guidance of $1.40 - $1.65 was reaffirmed.
Reporting by Frank Prenesti for Sharecast.com