Macy's Q4 earnings: future outlook disappoints

Macy’s Inc is trading down in premarket on Tuesday even though it reported better-than-expected earnings for its fourth quarter. Macy’s stock down on muted guidanceCopy link to sectionShareholders are concerned also because the management issued muted future guidance. Macy’s now forecasts its revenue to fall between $22.2 billion and$22.9 billion in fiscal 2024. Analysts, in comparison, were at $2.77 billion. Tony Spring – the chief executive of Macy’s said in a press release today:Our portfolio of globall ...