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00:02Macy's posted company-wide growth in its second fiscal quarter and raised its full-year guidance
00:08as its turnaround continued, according to CNBC.
00:11The retailer reported adjusted earnings of $0.40 per share and revenue of $4.87 billion
00:17for its second fiscal quarter, compared with revenue expectations of $4.83 billion.
00:24The retailer received $116 million in tariff refunds and plans to invest about $96 million
00:30in its turnaround and customer experience.
00:33Macy's raised its full-year net sales outlook to between $21.68 billion and $21.83 billion
00:40and increased its adjusted earnings forecast to $2.15 to $2.35 per share.
00:47The company is nearing the end of a three-year turnaround under CEO Tony Spring,
00:51focused on growth and investment in stronger performing stores
00:55as department stores face a challenging environment.
00:57For all things money, visit Benzinga.com.
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