Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape - CNBC

Macy's reaffirmed its fiscal 2022 sales outlook and raised its profit guidance, expecting stronger credit card revenue for the remainder of the year.

Macy's on Thursday reported fiscal first-quarter profits and sales ahead of analysts' expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades… [+4098 chars]

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