STOCKS | Macy's Q2 Net Sales Rise 1.1% as Full-Year Outlook Improves

According to Wallstreetcn, Macy's reported second-quarter net sales of $4.87 billion, up 1.1% from a year earlier, adjusted earnings per share of 63 cents versus 36 cents expected, and same-store sales growth of 2.7% versus 0.86% expected. Macy's projected full-year same-store sales growth of 1% to 1.5%, adjusted earnings per share of $2.15 to $2.35, and net sales of $21.68 billion to $21.83 billion, compared with prior forecasts of $2.00 to $2.20 per share and $21.5 billion to $21.75 billion in net sales.