{"id":16706,"date":"2021-08-19T16:50:57","date_gmt":"2021-08-19T23:50:57","guid":{"rendered":"https:\/\/marketdepth.com\/?p=16706"},"modified":"2021-08-24T08:39:12","modified_gmt":"2021-08-24T15:39:12","slug":"macys-up-on-earnings-guidance-and-announces-partnership-to-bring-back-toysrus","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/macys-up-on-earnings-guidance-and-announces-partnership-to-bring-back-toysrus\/","title":{"rendered":"Macy’s Up on Earnings, Guidance and Announces Partnership to Bring Back Toys”R”Us"},"content":{"rendered":"\n
Macy’s, Inc. (NYSE: M) stock jumped more than 15% on Thursday, after the retail store reported results for the second quarter of 2021, raised guidance for fiscal 2021 and announced plans to return capital to shareholders. According to the report, Macy\u2019s managed to end the second quarter with roughly $2.1 billion in cash, which allows the company to execute on two of its major priorities- investing in profitable growth, while de-levering the balance sheet.<\/p>\n\n\n\n