Macy's stock falls as it cuts guidance in the face of ‘external uncertainties'

Core Viewpoint - Macy's issued a profit warning due to "external uncertainties" affecting its turnaround efforts, leading to a 3.1% decline in premarket trading [1] Financial Performance - The company reported lower-than-expected earnings expectations for both the first quarter and the full year [1] - The unclear immediate future for customers is impacting its core retail brands, including Macy's, Bloomingdale's, and Bluemercury [1]