Macy's: Margins And Go-Forward Sales Growth Critical To Q2 Results
Macy's(M) Seeking Alpha·2024-08-19 21:23
ozgurdonmaz Shares of Macy's, Inc. (NYSE:M) have been a solid performer over the past year, rising 17%; however, they have been on a downward trend over the past two months as a proposed M&A transaction did not proceed and concerns about the consumer had been building. Shares, though, have recovered from a recent low following a strong retail sales report and favorable earnings from Walmart (WMT). This puts shares in an interesting position heading into the company’s quarterly earnings report on Wednesd ...