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Macy's stock slides as holiday lulls weigh on sales forecast and execs predict difficulties into 2023

Por: MarketWatch Business January 07, 2023

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Macy’s executives said they now expected fourth-quarter sales to land within the “low-end to mid-point” of prior expectations for between $8.161 billion to $8.401 billion. They said they expected adjusted earnings per share to be within the company’s previously forecast range of $1.47 to $1.67. Analysts polled by FactSet expect adjusted earnings per share of $1.61 on sales of $8.301 billion for the quarter. “Black Friday/Cyber Monday... + full article



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