Macy’s Reports Strong Q1 Results, Raises Full-Year 2026 Guidance
Macy’s Inc. reported its strongest first-quarter comparable sales growth in four years, with a 3% increase overall and total sales of $4.68 billion, beating analyst expectations. Bloomingdale’s led with a 10.2% comparable sales surge, while Macy’s namesake and Bluemercury also grew. Net income rose to $63 million. CEO Tony Spring credited the “Bold New Chapter” strategy. The company raised its full-year 2026 sales forecast to $21.5–$21.75 billion and adjusted EPS to $2.00–$2.20, though Q2 guidance slightly missed consensus.
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Macy's Q1 Earnings Beat Expectations on CEO Turnaround Plan
Macy's reported spring-quarter earnings that exceeded analyst expectations, marking its strongest first quarter in four years and fourth straight quarter of same-store sales gains. Profits rose to $63 million from $38 million a year ago. The retailer raised its annual guidance, crediting CEO Tony Spring's turnaround strategy, which includes closing 150 underperforming stores (nearly 80% complete), boosting digital sales with an AI chatbot, and focusing on higher-end brands. Bloomingdale's led the recovery with a 10% same-store sales jump and a sales-volume record, partly benefiting from rival Saks Global's bankruptcy. Macy's also added luxury brands like Chloe and Miu Miu, and its Bluemercury chain saw over 6% same-store sales growth. Berkshire Hathaway recently purchased 3 million shares, signaling investor confidence. Macy's outperforms peers like Kohl's and JCPenney by catering to upper-end consumers in a K-shaped economy.
Yahoo FinanceMacy's beats Q1 estimates, raises full-year guidance on Bloomingdale's strength
Macy's Inc. reported first-quarter results that exceeded Wall Street expectations, with adjusted diluted EPS of $0.13 versus the $0.03 consensus estimate and net sales of $4.68 billion against $4.61 billion expected. Comparable sales rose 3.0% year-over-year, driven by gains across all three banners: Macy's (1.6%), Bloomingdale's (10.2%), and Bluemercury (6.4%). The company raised its full-year guidance, now forecasting adjusted EPS of $2.00-$2.20 (up from $1.90-$2.10) and net sales of $21.5-$21.75 billion. CEO Tony Spring attributed the performance to the 'Bold New Chapter' strategy. Jefferies analysts noted a 'strong beat' but pointed out that Q2 EPS guidance of $0.29-$0.34 came in below consensus of $0.36, suggesting a conservative outlook. Shares rose about 1% on the news.
Yahoo FinanceMacy's beats Q1 estimates, raises full-year guidance on Bloomingdale's strength
Macy's Inc. reported first-quarter results that exceeded Wall Street expectations, with adjusted diluted earnings per share of $0.13 versus analyst estimates of $0.03, and net sales of $4.68 billion versus expectations of $4.61 billion. Comparable sales increased 3.0% across all three main banners: Macy's (1.6%), Bloomingdale's (10.2%), and Bluemercury (6.4%). The company raised its full-year outlook, now expecting adjusted EPS of $2.00 to $2.20 (up from $1.90-$2.10) and net sales of $21.5 billion to $21.75 billion. CEO Tony Spring attributed the performance to the 'Bold New Chapter' strategy. Jefferies analysts noted a 'strong beat' but pointed out that Q2 EPS guidance of $0.29-$0.34 came in below consensus of $0.36, suggesting a potentially conservative outlook. The company maintained its adjusted EBITDA margin outlook of 7.7% to 7.9%.
Yahoo FinanceMacy's Shares Rise on Strong Q1 Results and Upgraded Full-Year Outlook
Macy's Inc. shares rose in premarket trading after reporting first-quarter earnings and revenue that exceeded Wall Street expectations. Adjusted earnings per share came in at $0.13, well above the consensus estimate of $0.03, while net sales increased 1.8% year-over-year to $4.70 billion, surpassing the $4.61 billion forecast. Comparable sales across its three core brands—Macy's, Bloomingdale's, and Bluemercury—grew 3%, marking the strongest first-quarter performance in four years. Bloomingdale's led with a 10.2% increase, its seventh consecutive quarter of growth. Gross margin fell 30 basis points to 38.9%, entirely attributed to tariff impacts. The company raised its full-year forecast, citing momentum from its 'Bold New Chapter' transformation strategy. Adjusted EBITDA was $290 million, or 5.9% of revenue, down from $304 million a year earlier.
Yahoo FinanceMacy's Q1 2026 Earnings Beat Estimates, Raises Full-Year Outlook
Macy's reported first-quarter comparable sales growth of 3%, its strongest Q1 performance in four years, beating analyst expectations. Net sales rose 1.8% to $4.68 billion, while adjusted diluted earnings per share came in at 13 cents, well above the 3-cent consensus estimate. Bloomingdale's was the standout performer with a 10.2% comparable sales surge, a record for the division's first quarter and its seventh straight quarter of growth. The Macy's namesake banner saw a 1.6% increase, and Bluemercury added 6.4%. The company raised its full-year net sales guidance to $21.5-$21.75 billion and adjusted EPS to $2.00-$2.20, citing momentum from CEO Tony Spring's 'Bold New Chapter' strategy. Macy's ended the quarter with $1.3 billion in cash and returned $100 million to shareholders via dividends and buybacks. Shares rose approximately 4% before the opening bell.
Yahoo FinanceMacy's posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy's reported its strongest first-quarter comparable sales growth in four years, with a 3% increase overall and 1.6% at its namesake banner, driven by a turnaround strategy led by CEO Tony Spring. The company raised its full-year guidance, now expecting 2026 net sales between $21.5 billion and $21.75 billion and earnings per share of $2 to $2.20. Bloomingdale's saw a 10.2% comparable sales jump, aided by buzzy brands and rival Saks Fifth Avenue's bankruptcy. Revenue hit $4.68 billion, beating expectations of $4.61 billion, while net income rose to $63 million from $38 million a year earlier. Spring attributed the performance to reinvestment in retail fundamentals like staffing and product assortment, noting that tax refunds helped but were not the sole driver. The company remains cautious about macroeconomic and geopolitical uncertainty but sees steady consumer behavior continuing into the second quarter.
US Top News and AnalysisMacy’s Inc. Reports Strong Q1 Results, Raises Full-Year 2026 Outlook
Macy’s Inc. reported strong first-quarter results for the period ended May 2, 2026, with comparable sales up 3% and total sales rising to $4.7 billion. Net income increased to $63 million from $38 million a year earlier. Bloomingdale’s led growth with a 10.2% comparable sales increase, marking seven consecutive quarters of gains, while Bluemercury saw a 6.4% rise. Macy’s reimagined stores posted 2.4% comparable sales growth. Driven by momentum across all nameplates, the company raised its full-year 2026 sales forecast to between $21.5 billion and $21.75 billion and adjusted EPS guidance to $2.00-$2.20. CEO Tony Spring attributed the performance to the company’s Bold New Chapter strategy and customer-focused investments.
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