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Macy’s Shares Soar After Solid Q4 Earnings, Raised Dividend, $2B Buyback

Macy's Shares Soar After Solid Q4 Earnings, Raised Dividend, $2B Buyback

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Macy’s Inc (NYSE: M) reported fourth-quarter FY21 sales growth of 27.8% year-on-year, to $8.66 billion, beating the analyst consensus of $8.43 billion. Comparable sales increased 28.3% on an owned basis and up 27.8% on an owned plus licensed basis versus Q4 2020.

...read full article on Benzinga

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