
Macy’s Shares Drop after Reporting Mixed Q1 2023 Earnings and Lowered Its Full-Year Outlook
Macy’s noted that Nike will return to its stores, starting from October this year.
Macy’s noted that Nike will return to its stores, starting from October this year.
Macy’s is raising its overall outlook for the rest of the year based on its performance in the first quarter.
At the time of writing, Macy’s (M) stock is trading at $8.90 which means that it is 1.06% down.
Macy’s jumped over 6% at the pre-market. The surge is attributed to the stronger than anticipated 2020 Q2 results across all its three brands: Macy’s, Bloomingdale’s and Bluemercury.
Macy’s has been removed from the benchmark S&P 500 stock index. Its market capitalization currently is a representative of small-cap space according to S&P Dow Jones Indices.