Macy's Q1 Earnings Preview: Here's What You'll Want to Know
Macy's (NYSE: M) continues to rebound from the devastating effects of the coronavirus pandemic. Sales trends for the department store retailer had improved every quarter since the first quarter of 2020 when it had to close all its stores temporarily. Although sales are still below pre-pandemic levels, the sustained improvement is encouraging to shareholders.
Macy's is set to report first-quarter earnings on Tuesday, May 18. Investors will want to know that the sales trend of the past few quarters continues to improve. That's why the comparable store sales metric will be what you need to pay attention to in the first-quarter earnings release.
Macy's is investing to grow its digital business. Image source: Getty Images.
Source Fool.com
