Macy’s reported strong sales of luxury products and raised its profit forecast as the US retail sector weathered the challenges facing the market.

Revenue rose 14% year on year to $5.35 billion in the first fiscal quarter, which ended April 30, the department-store chain said Thursday. Comparable-store sales — at branches open for a least a year — rose 13% at Macy’s-owned shops and 12% at all locations, including those licensed to other owners. Net profit more than doubled to $286 million from $103 million a year earlier.

he retailer maintained its full-year sales guidance of $24.46 billion to $24.7 billion, representing growth between 0% and 1%. The company tweaked its full-year profit outlook upward, reflecting a share repurchasing program that it carried out during the quarter. It predicted adjusted diluted earnings of up to $4.95 per share, compared with an earlier forecast of up to $4.52 per share.

Overall digital sales at Macy’s increased 2% for the quarter versus the same period of 2021 and jumped 34% compared with 2019, management noted. However, the segment slipped as a proportion of total sales, contributing 33%, down from 37% a year earlier.