Macy’s Stock Rises Despite Profit Outlook Cut Amid Strong Sales

Macy's has lowered its full-year profit guidance due to increased tariffs, promotional activities, and cautious consumer spending, despite beating quarterly earnings expectations. The retailer is focusing on restructuring, closing underperforming stores, and investing in stronger segments like Bloomingdale's and Bluemercury, amid economic uncertainties and tariff impacts. Shares rose slightly despite the outlook cut, reflecting investor optimism about strategic initiatives.