Macy’s Beats Expectations Again, But Guidance Spooks Investors

Macy’s storefront with red star logo, reflecting retail slowdown and cautious consumer spending outlook. Key Points Macy’s stock surged more than 140% from its April 2025 low to a December high above $24 as investors gained confidence in the company’s “Bold New Chapter” turnaround strategy, but shares have since pulled back sharply in 2026. The company delivered another strong fourth-quarter report, beating earnings and revenue expectations for the fourth consecutive quarter, a sign that the turnaround ...