Macy's raises annual outlook after the fourth straight quarter of sales gains
Macy's has reported its fourth consecutive quarter of comparable sales gains, attributing this success to an overhaul of merchandise and improved customer service. The company raised its annual outlook, expecting net sales between $21.5 billion and $21.75 billion. Despite challenges in the retail sector, Macy's has shown resilience and growth under CEO Tony Spring's leadership.
- ▪Macy's comparable sales rose 3% in the first quarter, the strongest first quarter for such sales in four years.
- ▪The company's net income for the quarter was $63 million, exceeding Wall Street expectations.
- ▪Macy's has raised its annual sales projections, reflecting a positive turnaround in performance.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onMacy's raises annual outlook after the fourth straight quarter of sales gainsMacy’s reported its fourth consecutive quarter of comparable sales gains as the department store said an overhaul of its merchandise and improved customer service drove more spending by customersByANNE D'INNOCENZIO AP retail writerJune 3, 2026, 7:02 AM0:59FILE - A Macy's sign is displayed outside the department store in Gurnee, Ill., Wednesday, April 15, 2026. (AP Photo/Nam Y.
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