These 3 Rock-Solid Retailers Don't Share Macy's Pain
Macy's (NYSE: M) stock recently plunged to a 10-year low this week following an ugly second-quarter earnings report that featured nearly flat comps growth, contracting margins, and a 60% drop in its adjusted EPS. The department store chain also expects its comps growth to stay roughly flat for the year as its earnings tumble about 30%.
Macy's performance implosion burned many other retail stocks, which were already struggling with concerns about tariffs and a possible recession. But as with all sector-wide sell-offs, many babies were tossed out with the bathwater. Let's examine three solid retailers that were unfairly caught in Macy's blast zone.
Image source: Macy's.
Source Fool.com
