Macy's Beats Q1 Expectations, Raises Full-Year Sales & EPS Guidance on Strong Comparable Sales Growth
M has more than doubled off its 52-week low of $10.54 on elevated volume (2.1× avg).
Summary
Macy's reported first-quarter results that exceeded guidance and analyst expectations, leading the company to raise its full-year outlook for sales and earnings per share.
Key Events · Earnings and Guidance · M
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Q1 Earnings Beat
Macy's reported Q1 GAAP diluted EPS of $0.23 and Adjusted diluted EPS of $0.13, exceeding prior company guidance and significantly surpassing recent analyst projections for net profit.
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Strong Comparable Sales Growth
Macy's, Inc. comparable sales increased 3.0%, with Bloomingdale's up 10.2% and Macy's up 1.6%, marking the fourth consecutive quarter of comparable sales gains.
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Full-Year Guidance Raised
The company increased its full-year 2026 guidance for net sales, comparable sales (shifting from a range including negative to a positive range), and adjusted diluted EPS.
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Continued Shareholder Returns
Macy's returned $50 million to shareholders via dividends and repurchased 2.6 million shares for $50 million, with approximately $1.1 billion remaining on its share repurchase authorization.
Analysis · M · Trade & Services
Macy's significantly outperformed analyst expectations for Q1 net profit and delivered strong comparable sales growth across all nameplates, particularly Bloomingdale's. This positive momentum led to a material increase in full-year guidance for net sales, comparable sales, and adjusted diluted EPS, indicating management's increased confidence in its "Bold New Chapter" strategy. This suggests a stronger financial outlook than previously anticipated by the market.
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In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, M was trading at $22.14 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $10.54 to $24.41. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.