Can the Good Times Keep Rolling for Macy's?
Macy's (NYSE: M) is scheduled to report fiscal 2022 first-quarter earnings on May 16. The brick-and-mortar retailer is gaining the benefit of a confluence of factors working in its favor.
Supply-chain shortages are allowing it to sell products at higher profits. Meanwhile, the scarcity of labor has it and its competitors operating with fewer staff, lowering expenses and increasing profits.
There is no telling how long these tailwinds will last, but Macy's is looking to capture the benefits while they persist, and investors hope the momentum will continue. Let's take a closer look.
Source Fool.com
