Macy's raises its full-year earnings forecast as luxury brands perform strongly amid a CEO-led business turnaround

The story

Macy's raised its full-year earnings forecast as its luxury brands performed strongly under the business turnaround led by its CEO.

The strong performance of its luxury brands was cited as a reason for revising the full-year outlook.

At a glance

CompanyMacy's

EventFull-year earnings forecast revised upward

FactorCEO-led business turnaround and strong performance by luxury brands

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