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Here's Why Macy's Stock Soared Today

TheMotleyFool

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Shares of Macy's (NYSE: M) leaped on Thursday after the department store chain posted strong third-quarter financial results and announced a potentially powerful new digital growth driver.

As of 2:15 p.m. ET, Macy's stock price was up 22%.

Macy's net sales jumped 36% year over year to $5.4 billion. The retailer's in-store traffic recovered from its pandemic downturn, and its online operations continued to grow at a healthy clip. Companywide comparable sales rose 35.6%, while digital sales increased 19%.

Source Fool.com

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