macys sales

Macy's Earnings Surge on Rising Sales

The department store chain made investors smile Wednesday as it reported that its first-quarter earnings soared due to rising sales, tight expense controls and its move to tailor merchandise by region. And there's more good news: Macy's also doubled its quarterly dividend and raised its full-year earnings and sales outlook.

Macy's Earnings Swing to Profit, Top Analyst Expectations

Department store operator Macy's reported a third-quarter profit, with earnings topping Wall Street expectations due in part to a move toward tailored local offerings and the return of upscale customers to its Bloomingdale's stores. Macy's said it earned $10 million, compared to a loss of $35 million in the same period last year.