Macy's reported quarterly earnings that beat analysts' expectations on Wednesday, with strong sales that allowed the company to hike its dividend.
After the earnings announcement, the company's shares rose by more than one percent in pre-market trading. (Click here to track the company's shares following the report.)
Macy's posted first-quarter earnings excluding items of 55 cents per diluted share, up from 43 cents a share in the year-earlier period.
Revenue increased to $6.39 billion from $6.14 billion a year ago.