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Tags: macys earnings

Macy's Sales Miss as Customers Curb Spending

Macy's Sales Miss as Customers Curb Spending
Macy's flagship store in Herald Square, New York (AP)

Thursday, 01 June 2023 07:09 AM EDT

Macy's Inc on Thursday missed quarterly revenue expectations, as consumers limit non-essential spending due to persistently high inflation.

The company's first-quarter net sales fell to $4.98 billion from $5.35 billion a year earlier, missing expectations of $5.04 billion, according to IBES data from Refinitiv.

© 2024 Thomson/Reuters. All rights reserved.


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Macy's Inc on Thursday missed quarterly revenue expectations, as consumers limit non-essential spending due to persistently high inflation.
macys earnings
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2023-09-01
Thursday, 01 June 2023 07:09 AM
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