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Macy’s Q1 Profits Fell, And More Speed Bumps Could Be Lurking Ahead

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Macy’s Inc. delivered its sixth consecutive quarter of comparable sales growth as it bested Wall Street’s adjusted diluted earnings per share estimate by 11 cents, while progress on strategic initiatives has the retailer reaffirming 2019 guidance. Some analysts, however, are raising concerns over a possible slow start to the second quarter. In a Nutshell: Jeff…

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