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0.00169491525423735 -0.000564971751412317 0.00387005649717515 0.00395480225988702 -0.00593220338983033 0.0048022598870057 0.00290395480225994 -0.00733898305084742
Stock impact report

Macy's stock pops on earnings beat as CEO says wealthier shoppers are still 'indulging' [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
Macy's ( M ) stock jumped 8% in premarket trading after the department store chain reported better-than-expected fourth quarter earnings results as it heads into the third year of its turnaround strategy. 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." NYSE - Nasdaq Real Time Price • USD Macy's, Inc. (M) Follow View Quote Details As of 11:55:46 AM EDT. Market Open. M ^GSPC Advanced Chart Spring said that the retailer is beginning to scale its turnaround efforts after several quarters of piloting new programs. Macy's still Show less Read more
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