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Macy's cuts annual adjusted profit forecast

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Macy's cuts annual adjusted profit forecast

Dec 11, 2024 4:12 AM

Dec 11 (Reuters) - Macy's on Wednesday cut its

annual profit forecast, as the company struggles with increased

promotions during the holiday shopping season amid weak demand

at its eponymous stores.

The company expects annual adjusted profit per share of

$2.25 to $2.50.

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