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Macy's lowers full-year sales guidance despite Q2 earnings beat

By Josh White

Date: Wednesday 21 Aug 2024

(Sharecast News) - Shares in US department store retailer Macy's were sliding early on Wednesday, after it reported better-than-expected second-quarter earnings despite a drop in sales, and revised its full-year guidance downwards.
The company posted diluted earnings per share of 53 cents, swinging from a loss of eight cents per share...

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