Macy’s Raises 2026 Guidance as Sales Grow Across All Retail Brands

Macy’s Inc. reported fiscal Q2 2026 sales of $4.9B, with comparable sales up 2.7%. Bloomingdale’s and Bluemercury led growth, while Reimagine stores outperformed. Adjusted EBITDA rose to $457M. The company raised its 2026 net sales outlook to $21.675B-$21.825B. Experts credit the turnaround strategy for the progress, but note challenges remain.

Macy's Inc. reported Q2 sales of $4.9B, up 1.1%, with comparable sales rising 2.7%. Bloomingdale's saw an 11.3% comp gain. Net income increased to $169M. The company raised its full-year outlook, citing strong performance. Shares fell 4.8% despite the positive results.

Macy's (M) reported Q2 2026 net sales of $4.9B, up 1.1% YoY, with comparable sales growth across all nameplates. Bloomingdale's saw an 11.3% increase, a record. EPS was $0.63, including tariff refunds. The company raised full-year guidance, citing strong performance and strategic investments. Management noted softer demand in some categories and ongoing cost headwinds.

Macy’s stock fell 4.7% despite better sales and raised guidance. The 180-basis-point gross-margin gain was due to a one-time tariff refund, with core Macy’s growth lagging behind Bloomingdale’s. Q2 net sales rose 1.1%, and adjusted EPS was $0.63, including the refund. Guidance was raised, but most refunds will be reinvested. The stock trades at 9.1x adjusted EPS midpoint, with a 3.7% dividend yield.

Macy's reported Q1 FY2026 earnings, beating estimates with $4.7B in net sales and $0.13 adjusted EPS. Comparable sales rose 3% YOY. The company raised its dividend to $0.77 per share and provided guidance for Q2 and FY2026. Analysts have mixed views, with a 'Hold' consensus and an average price target of $23.18.

Macy's (M) shares fell 3.23% to $20.82 despite reporting higher Q2 net income of $169M ($0.62/Share) vs. $87M ($0.31/Share) YoY. The company expects 2026 EPS of $2.15-$2.35 and revenue of $21.675B-$21.825B. Trading volume was 8.05M shares.