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@ Layer3.news
2025-03-06 13:40:22
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MACY'S STOCK DROPS AS IT MISSES THE MARK ON SALES GROWTH AND WARNS ON PROFITS
https://s.yimg.com/ny/api/res/1.2/99QOuVfrKie7mSmosgewrg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://s.yimg.com/os/creatr-uploaded-images/2025-03/2d301a90-fa11-11ef-bff5-6ad44c9a67f4
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✍️ Macy's reports weak outlook due to tariffs and cautious consumer, missing estimates on same-store sales and earnings.
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👉 Macy's reports weak outlook due to tariffs and cautious consumer
👉 Same-store sales only grew 0.2%, missing estimates
👉 Revenue projection for 2025 is below 2024's and misses estimates
👉 Tariffs from the Trump administration are a major concern
👉 CEO Tony Spring says the company is taking a prudent approach to its outlook
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#TonySpring #PaulLejuez #DavidSwartz #BrookeDiPalma #business
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