Macy’s Inc.’s stock climbed in Wednesday trading after the department-store chain’s first-quarter profit and revenue beat Wall Street’s expectations, snapping a three-quarter streak of misses. Macy’s also kept its full-year revenue outlook intact but cut its earnings outlook,

Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations, as the retailer’s CEO said it will hike prices of certain items to offset tariffs.

Walmart announced that price hikes were coming due to President Trump's tariffs. Other brands like Best Buy, AutoZone, and Adidas have also said they'll have to raise prices because the tariffs will increase their costs of doing business.