Earnings Preview | Macy's Q3 earnings report is about to be released, will high-end consumption still show signs of fatigue?
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Macy's will announce its third-quarter earnings before the U.S. stock market opens on Tuesday, with expected sales of $4.72 billion, a year-on-year decrease of 2.9%, and a loss of $0.01 per share. Due to increased discounting by competitors and cautious consumer spending, the market is uneasy about Macy's outlook. CEO Tony Spring is implementing a turnaround plan, closing underperforming stores and investing in high-end brands
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