Macy's cuts annual profit forecast amid tariff uncertainty
The company expects 2025 adjusted profit per share to be between $1.60 and $2.00, compared with its prior target of between $2.05 and $2.25. Analysts were expecting annual adjusted profit of $1.93 per share, according to data compiled by LSEG. Several companies have withdrawn or lowered their revenue and profit targets for the year, and retailers, in particular, have been bracing for a significant impact on their supply chain costs, as well as on demand due to President Donald Trump's sweeping duties.
Reuters
•
1 hour ago
