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DeepNewz, mobile.
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Macy's Inc. reported its Q1 earnings, showing a bigger-than-expected quarterly sales drop due to sluggish demand. Despite the year-over-year revenue declines, Macy's stock climbed as the results beat expectations and the company raised its full-year outlook.
Lowe's & Macy's both reported year-over-year revenue DECLINES this morning but "beat expectations," lol. This is a consumer-driven economy that is headed off a cliff. Enjoy buying your S&P 500 @ 24x run-rate earnings and an all-time high. I'll stay short. $SPY
Top Earnings to Watch Before Market Open: 1. Macy's Inc. 2. Lowe's Companies Inc. Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and…
Macy’s posts bigger-than-expected quarterly sales drop on sluggish demand https://t.co/GBik99ZIVg
