Macy's Stock Rises as Q1 Results Fall Less Than Expected
MMacy's(M) investopedia.com·2024-05-21 22:06

Key TakeawaysMacy's shares rose Tuesday as the retailer reported first-quarter results that declined from last year's levels, but not as much as analysts had expected.In the quarter, Macy's ended a proxy battle by appointing two new board members, and also announced a restructuring plan to close 150 locations as it looks to return to higher levels of profitability.The retailer also updated its guidance for the full fiscal year, lifting the bottom levels of the projected ranges for revenue and comparable sal ...