That, however, didn't bother the bulls. They saw Macy's reaffirmation of previous guidance -- despite the sales miss -- as a sign that shopping activity had gotten much stronger once the weather improved. And the dividend increase and share buyback only underscored management's positive feelings about future sales.
Despite warts in Q (sales, inventory) Macys reiterates full year sales outlook & lifts dividend 25%. Feeling good about current trading $M? Rahul Sharma (@retail_guru) May. 14 at 08:14 AM
@1nvestor Solid ongoing indicator - great at returning cash to shareholders - so divi raise + bb suggest confidence despite Q1 sales miss? Rahul Sharma (@retail_guru) May. 14 at 08:19 AM
At the time of publication the author held no positions in any of the stocks mentioned.
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