Macy's Feels Tariffs And Consumer Spending Heat, Cuts Profit Forecast
Macy's Inc. M on Wednesday revised its annual outlook on initial and current tariffs, some moderation in consumer discretionary spending, and a heightened competitive promotional landscape. Macy's reported adjusted earnings of 16 cents per share, beating the consensus of 14 cents. Macy's lowered fiscal 2025 adjusted earnings per share from 2.25 to 2.00 compared to the consensus of 21 billion-$21.4 billion versus the consensus ...