Macy's misses quarterly revenue estimates-March 2024-www.financetom.com

Macy's misses quarterly revenue estimates

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Macy's misses quarterly revenue estimates

Aug 21, 2024 6:40 AM

Aug 21 (Reuters) - Macy's missed market

expectations for quarterly revenue on Wednesday as lingering

weakness in U.S. consumer spending hurt demand for big-ticket,

non-essential goods.

The company's second-quarter net sales fell 3.8% to $4.9

billion, compared with analysts' expectations for a 0.23% fall

to $5.12 billion, according to LSEG.

(Reporting by Juveria Tabassum; Editing by Devika Syamnath)

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