Macy's, Inc. revised earnings guidance for the year 2024. The company updated its annual sales and earnings outlook to reflect a portion of first quarter performance along with the dynamic macro environment. The company continues to view 2024 as a transition and investment year, reflecting investments in key customer-focused strategic initiatives, supported by the company?s strong balance sheet.

The company revised sales to $22.3 billion to $22.9 billion from $22.2 billion to $22.9 billion.