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Macy’s Momentum Points To a Banner Year - Here’s Why

·3-min read
Macy’s Momentum Points To a Banner Year - Here’s Why
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Macy's (NYSE: M) announced fiscal 2022 first-quarter earnings before the markets opened on Thursday, May 26. In its fiscal first quarter, which ended April 30, Macy's reported net sales of $5.35 billion. Thankfully for shareholders, supply shortages have not materially hurt Macy's. On the contrary, because the industry has seen shortages, Macy's capitalized on the decreased competitive pressure to sell products at higher margins.

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