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00:02Macy's posted its strongest first quarter comparable sales growth in four years on Wednesday,
00:07as the department store's turnaround showed continued progress, according to CNBC.
00:12Adjusted earnings came in at 13 cents per share. Revenue reached $4.68 billion,
00:18topping expectations of $4.61 billion. Comparable sales grew 3% overall,
00:23driven by its 200 reimagined stores, while the namesake Macy's banner rose 1.6%.
00:30Bloomingdale's led the way with 10.2% comparable sales growth.
00:34CEO Tony Spring raised full-year guidance, now projecting net sales between $21.5 billion
00:41and $21.75 billion in earnings per share between $2 and $2.20.
00:47Spring said first quarter trends have carried into the second quarter,
00:50and the company now expects full-year comparable sales to climb between 0.5% and 1.2%.
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