Macy's Q2 Beats Across All Nameplates, Raises Full-Year Guidance
M sits 38% above its 52-week low of $16.41.
Summary
Macy's reported Q2 2026 results that beat expectations across all nameplates and raised full-year guidance, driven by strong comparable sales growth at Bloomingdale's and continued momentum at Macy's and Bluemercury.
Key Events · Earnings and Guidance · M
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Q2 Comparable Sales Up 2.7%
Comparable sales rose 2.7% in Q2 2026, with Bloomingdale's up 11.3%, Bluemercury up 6.2%, and Macy's up 1.1% (Reimagine 200 stores up 1.9%).
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GAAP EPS Doubles to $0.62
GAAP diluted EPS was $0.62, up 100% from $0.31 last year. Adjusted diluted EPS was $0.63, up 14% excluding a $0.23 net tariff refund benefit.
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Full-Year Guidance Raised
Net sales guidance raised to $21.675B-$21.825B (from $21.5B-$21.75B) and adjusted diluted EPS raised to $2.15-$2.35 (from $2.00-$2.20).
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Share Repurchases Continue
Repurchased 2.2M shares for $50M in Q2, bringing H1 2026 total to 4.9M shares for $100M. Approximately $1.0B remains under the $2.0B authorization.
Analysis · M · Trade & Services
A strong second quarter saw comparable sales climb 2.7%, GAAP EPS double to $0.62, and adjusted EPS rise 14% excluding a one-time tariff refund benefit. Management's confidence in the Bold New Chapter strategy is reflected in raised full-year net sales and adjusted EPS guidance. Bloomingdale's delivered its second consecutive quarter of double-digit comparable sales growth, while the company continued returning capital through dividends and buybacks, with $1.0 billion remaining under its repurchase authorization.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. 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 $22.60 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $16.41 to $26.59. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.