Macy’s Lifts Outlook But Still Warns of Fickle Consumer (3)

Macy’s Inc. raised its annual outlook and reported its best comparable sales growth in three years, the latest signs that consumers are still spending despite concerns about inflation and tariffs.

Citing strength across the company, the retailer said Wednesday that it now expects net sales of as much as $21.45 billion for the fiscal year, up slightly from its previous guidance of up to $21.4 billion and better than analysts’ consensus forecast.

WATCH: Macy’s CEO Tony Spring says the momentum is changing.

Source: Bloomberg

“This is the beginning of a momentum change at Macy’s,” Chief Executive Officer Tony Spring said in an interview with Bloomberg News. He said the company’s back-to-school ...