Macy's Is Raising Expectations for 2021

Macy's (NYSE: M) shareholders can breathe a sigh of relief as the worst of the COVID-19 pandemic appears to be behind the retailer. The department store chain reported fiscal 2021 first-quarter results on Tuesday, May 18, that soundly beat expectations. 

In a stark turnaround from the tone during the devastations of the pandemic, Macy's management was optimistic for what the rest of 2021 holds — understandably so as consumers spend more bravely with a little extra stimulus in their pockets.  

Image source: Macy's.

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Source Fool.com