Macy's beats EPS and raises earnings forecast

Shares of Macy’s were up nearly 15%.
Luxury names (see subsidiaries: Bluemercury and Bloomingdale's) have had strong sales, outperforming the rest of the company. Pattern of spending shift being seen as people return to in person work and are spending more to buy dressier clothing, shoes, and makeup.
For the Q3, Macy's net income fell to $108 million, or 39 cents per share unadjusted, down from $239 million, or 76 cents per share, a year earlier.
Earlier this week, retail earnings have been less than merry. Both Walmart and Target reported a noticeable pullback of sales in categories like apparel, electronics and home goods as shoppers spent more on necessities. Target slashed its targets going into the holiday season, saying weaker sales have continued into November.
Here’s how Macy’s did in its fiscal third quarter compared with what analysts were anticipating

Here’s what you need to know:
Macy's beat revenue estimates
Beat EPS estimates by this amount 7 times before
4 of the 7 times, the stock price decreased within two weeks
Retail stock earnings, which financial report is satisfactory?