Macy's Reports Stronger Q4 Earnings Buoyed By Holiday Profits
NEW YORK, NEW YORK - MARCH 02: The Macy's company signage is seen at the Herald Square store on March 02, 2023 in New York City. Macy's Inc. stock jumped 14.8% in premarket trade on Thursday, after the department store chain exceeded forecasted estimates for the fourth quarter. The company posted a net income of $508 million for the quarter to Jan. 28, which was down from $742 million in the year-earlier period. While sales fell the company offered upbeat guidance for fiscal 2023. (Photo by Michael M. Santiago/Getty Images)
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