Macy’s earnings on deck with margins, changing consumer habits in focus

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The Street

By Martin Baccardax Macy’s (M) – Get Free Report shares moved higher in pre-market trading ahead of the retailer’s second quarter earnings prior to the opening bell with investors focused on the retailer’s narrow profit margins heading into the autumn months. Analysts expect Macy’s to post an adjusted bottom line of 13 cents per share for the three months ending in July, down sharply from the $1.00 earned over the same period last year, with revenues falling around 9% to $5.1 billion. Heavy discounting on spring and winter items, as well as what it described as ‘”weakened demand trends” headin…

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