(Reuters) - ATLANTA, July 12 - Retailer Macy's Inc. cut its quarterly profit outlook on Thursday as June same-store sales came in lower than expected.
The company, which has said that sales at former May stores have been disappointing, forecast earnings of 20 cents to 30 cents per share, excluding merger integration costs, for the second quarter that began on May 6. Its previous profit forecast was 35 cents to 45 cents a share.
Read more at Reuters.com Mergers News
The company, which has said that sales at former May stores have been disappointing, forecast earnings of 20 cents to 30 cents per share, excluding merger integration costs, for the second quarter that began on May 6. Its previous profit forecast was 35 cents to 45 cents a share.
Read more at Reuters.com Mergers News
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