NewsMV
Second-quarter results and a raised full-year outlook are in focus for Macy's ($M) on Thursday.
The company posted strong fiscal second-quarter results and lifted its annual guidance, which the company described as evidence that a broader turnaround is beginning to take hold.
The full fiscal year is now the next confirmable milestone. What separates the guidance revision from the quarterly beat itself is the commitment it implies.
A strong quarter can arrive through favorable comparisons or calendar effects; either explains a beat without requiring a durable shift in the underlying business.
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