Earnings

Macy’s (M) earnings Q4 2022

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People wait in line to enter Macy’s department store during Black Friday in New York City on November 25, 2022.

Yuki Iwamura | AFP | Getty Images

Macy’s shares jumped Thursday, as the company said it drew holiday shoppers looking for gifts and held the line on promotions.

But the department store operator, which includes higher-end banner Bloomingdale’s and beauty chain Bluemercury, said it is still planning for a choppier year ahead.

Macy’s said it expects net sales to decline in a range of 1% to 3% in the fiscal year compared with 2022, which would translate to between $23.7 billion and $24.2 billion. It said it expects its adjusted diluted earnings per share will range from $3.67 to…



Source cnbc.com

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