Macy’s, Inc. (M) reported fourth-quarter fiscal 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Total revenues declined and earnings increased from the year-ago quarter’s reported figures. Comparable sales fell on an owned basis and an owned-plus-licensed basis.Despite the challenges resulting from shifting consumer spending toward non-discretionary items, Macy's focus on offering new and relevant private and national brands helped it stay competitive. This period show ...