Macy’s (M) is set to report its second-quarter results next week, with analysts and investors eyeing details on the impact of tariffs, weak discretionary spending, and an increasingly promotional environment.
Telsey Advisory Group maintained its ‘Market Perform’ rating on Macy’s with a price target of $14. Dana Telsey of Telsey Advisory Group said tariffs are expected to reduce fiscal 2025 earnings per share (EPS) by $0.10 to $0.25 and weigh on gross margin by 20 basis points to 40 basis points.
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