Macy’s Q2 Hit By Macro, Retail Trends but Beats Street

Stores Drove Macy’s Q1 Sales, Earnings Gains

Macy’s posted solid gains in the first quarter beating analyst sales and earnings estimates and posting double-digit comparable sales gains. Macy’s posted a first-quarter net income of $286 million, or 98 cents per diluted share, versus $103 million, or 32 cents per...