Mall retailers were moving on Tuesday as Q3 earnings rolled in ahead of Black Friday, with several chains lifting their full-year guidance on stronger consumer demand heading into the holiday rush. Black Friday traffic is expected to hit record levels this week as shoppers chase discounts, and Macy’s $M ( ▲ 1.22% ) got a boost from the strength across its peer group.
Kohl’s $KSS ( ▲ 1.24% ) surged after raising its full-year outlook again. The company now sees sales falling 3.5 to 4 percent compared to earlier expectations of a 5 to 6 percent drop, helped by a heavier push into coupons.
Abercrombie & Fitch $ANF ( ▲ 1.8% ) rallied after upping its full-year revenue forecast, supported by continued momentum at Hollister that management expects to carry through the holidays.
Best Buy $BBY ( ▼ 0.39% ) beat Q3 expectations and lifted its 2026 EPS and revenue outlook as it prepares for a wave of holiday-driven tech upgrades.
Burlington Stores $BURL ( ▲ 3.09% ) was the outlier. Shares fell despite an earnings beat, as revenue came in a touch light and management blamed early-quarter softness on warmer-than-usual weather.