🔴 Macy’s is trading 4% down today on projected third-quarter adjusted losses

Macy’s is trading at $20.64 (-4.02%) as investors focus on projected third-quarter adjusted losses of $0.19–$0.23 per share.

• Macy’s beat second-quarter estimates and raised full-year guidance.
• The upgraded outlook includes a $0.05-per-share tariff-refund benefit, while announced tariffs are expected to pressure gross margins.
• Broader consumer-discretionary weakness and higher inflation concerns added selling pressure.