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Macy’s Warns Consumers Will be Pressured in 2023. Retail Shares Are Slipping.

Por: MarketWatch Business January 07, 2023

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Adjusted earnings per share are still forecast to range from $1.47 to $1.67, while gross margins will also be in line with previous guidance, the company said in a press release. Macy’s plans to release fourth-quarter and fiscal 2022 results in March. “Black Friday/Cyber Monday sales were in line with our expectations, while the week leading up to and following Christmas were ahead,” said CEO Jeff Gennette in a statement. “However, the... + full article



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