Macy's lifts full-year adjusted earnings per share outlook
) has lifted its adjusted earnings per share forecast for the full year to a range of $2.55 to $2.90, compared to Bloomberg consensus estimates for a forecast of $2.62.
Net sales in the retailer's first quarter dropped by 3.7% versus the year ago period to $4.8 billion. Analysts had called for a top-line figure of $4.81 billion. Gross margin of 39.2% was also below estimates of $39.6%.This is a developing story. Please check back later for updates.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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