Why Is Everyone Talking About Macy's Stock?
Macy's (NYSE: M) reported fiscal 2022 second-quarter earnings before the markets opened on Tuesday, Aug. 23. The figures impressed the market, and the stock was up by 5% on the announcement day.
Macy's has benefited from widespread inventory shortages since the pandemic's onset. That had allowed it to sell products at higher prices due to decreased competition. However, that trend is ending as several retailers over-invested in products.
Let's look at the Q2 figures that have the market buzzing about Macy's stock.
Source Fool.com
