Macy’s Inc (M) stock experienced volatility in early trading on Thursday following the company’s release of its quarterly earnings report. While the company exceeded earnings expectations, same-store sales declined more sharply than anticipated. Analyst reactions were mixed, with some maintaining optimistic outlooks while others expressed concerns about the ongoing macroeconomic challenges facing the retailer.
Macy’s Inc. shares took a hit after the company reported a weaker-than-expected second-quarter revenue. While profits surpassed estimates, the lowered full-year sales forecast and slowing growth across all brands raised concerns among investors. Goldman Sachs analyst Brooke Roach highlighted the need for clarity on the extent of the slowdown and Macy’s strategies to navigate the challenging economic environment.
