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-0.0019718309859155 -0.00309859154929576 -0.00225352112676052 -0.00225352112676052 -0.00704225352112676 0.000563380281690229 0.00309859154929576 -0.007887323943662
Stock impact report

Macy's stock pops on earnings beat as CEO says wealthier shoppers are still 'indulging' In this article : NYSE - Nasdaq Real Time Price • USD Macy's, Inc. (M) 17.75 +0.83 (+4.93%) As of 11...

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
CEO Tony Spring told Yahoo Finance that it continues to see signs of a K-shaped economy , or the growing divide between high earners and low-income households. "The lower-income consumer is pressured," Spring said. "The middle-income consumer is being choiceful and trying to find opportunities to buy. ... The upper income consumer is still, despite what they might say about confidence, ... rewarding themselves and indulging in things that are new, fashionable, or things that they like." Spring said that the retailer is beginning to scale its turnaround efforts after several quarters of piloting new programs. Macy's still plans to close 65 stores over the next three years, but Spring said the team is focused on growing the company. "They are not unprofitable; they are underproductive," he said of the store closures. "There is value to monetize, and we have a healthy balance sheet." Macy's adjusted earnings per share for the holiday quarter came in at $1.67, above the $1.54 per Show less Read more
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