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Macy's reports lower Q2 profits but raises full-year outlook, signaling recovery in retail sales.
Macy's reported lower profits and sales for the second quarter, largely due to cautious consumer spending and higher costs from tariffs.
Despite these challenges, the company raised its outlook for the year, posting its best comparable store sales in three years.
Macy's efforts to improve customer service and merchandise appear to be paying off, with shares rising significantly.
The retailer now forecasts earnings per share between $1.70 and $2.05 for the year, with sales expected between $21.15 billion and $21.45 billion.
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Macy's reporta menores ganancias en el segundo trimestre, pero eleva las perspectivas para todo el año, lo que indica una recuperación en las ventas minoristas.