Macy's posts strong results, raises guidance as turnaround begins to take hold

Macy's reported fiscal second-quarter comparable sales growth of 2.7% and raised its full-year guidance as the department store's turnaround strategy gains traction. The retailer posted strong results across the company Thursday, marking a positive inflection point for the business.

The quarter's performance exceeded expectations, prompting management to lift its outlook for the full fiscal year. The 2.7% comparable sales increase represents a turnaround from recent quarters as the company executes its strategic repositioning plan.

Macy's has been working to streamline operations, optimize its store footprint, and enhance its digital capabilities. The second-quarter results suggest these efforts are beginning to translate into sustained sales momentum.