Macy's posts strong results, raises guidance as turnaround begins to take hold

Macy’s (M) Raises Guidance After Strong Q2 Results, But Investors Remain Cautious

Macy's raised guidance to $21.67-21.82B on Q2 sales +2.7%, though EPS beat came mainly from tariff refunds, not operations. Investor skepticism signals doubt on transformation durability—relevant caution for tech leaders pursuing sustainable business model changes.