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Macy's stock falls 5% despite Q2 earnings beat and higher outlook

  • Macy's reported better-than-expected Q2 earnings and raised its full-year outlook.
  • $116 million in tariff refunds contributed to the reported earnings improvement.
  • Macy's stock fell 5% despite revenue and profit exceeding estimates.

Macy's shares fell 5% after the retailer reported better-than-expected second-quarter earnings and raised its full-year outlook. Revenue and profit exceeded estimates, while $116 million in tariff refunds contributed to the results. The market reacted negatively because much of the earnings improvement was linked to those refunds.

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