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6 months ago

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Macy's smashes profit estimates as leaner inventory lifts margins, shares jump

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Macy's smashes profit estimates as leaner inventory lifts margins, shares jump

Macy's crushed analysts' estimates for quarterly profit on lower inventories and strong demand for beauty products, sending the department store operator's shares surging as much as 14% on Thursday.

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Macy's smashes profit estimates as leaner inventory lifts margins, shares jump

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Macy's smashes profit estimates as leaner inventory lifts margins, shares jump

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