M Macy's, Inc.
Price Chart
Executive Summary
Macy's reported strong Q1 2026 results, with comparable sales up 3.0% (strongest first quarter in four years) and GAAP EPS of $0.23, beating the consensus estimate of $0.03. The company raised its full-year guidance, now expecting net sales of $21.5B-$21.75B and adjusted diluted EPS of $2.00-$2.20, up from prior guidance of $1.90-$2.10. Bloomingdale's comparable sales surged 10.2%, and the company repurchased $50M in shares during the quarter.
Key Financial Metrics
Actionable Insight
The strong Q1 beat and raised guidance signal accelerating momentum from the Bold New Chapter strategy, particularly in Bloomingdale's and the Reimagine 200 stores. Traders should watch for continued comparable sales growth in Q2 and any updates on tariff impacts, which the company expects to be more pronounced in the first half of the year.
Key Facts
- Comparable sales increased 3.0% YoY, exceeding guidance and marking the strongest first quarter in four years.
- GAAP diluted EPS of $0.23 vs consensus estimate of $0.03 (a 666.7% beat).
- Full-year 2026 guidance raised: net sales now $21.5B-$21.75B (from $21.4B-$21.65B), comparable sales change now 0.5%-1.2% (from -0.5%-0.5%), adjusted diluted EPS now $2.00-$2.20 (from $1.90-$2.10).
- Bloomingdale's comparable sales grew 10.2%, achieving record first-quarter sales.
- Net sales increased 1.8% to $4.7 billion, with go-forward comparable sales up 3.1%.
- The company repurchased 2.6 million shares for $50 million in Q1 2026.
Financial Impact
Q1 2026 net sales of $4.682B vs $4.61B consensus; GAAP EPS of $0.23 vs $0.03 consensus. Full-year guidance raised by $0.10 at the midpoint on EPS and $100M at the midpoint on net sales.
Risk Factors
- Tariff headwinds remain a risk, with guidance assuming a larger impact in H1 2026.
- Consumer discretionary spending could soften due to macroeconomic or geopolitical factors.
- Gross margin declined 30 bps due to tariffs, and adjusted EBITDA margin contracted to 5.9% from 6.3% a year ago.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-040037 |
| Document: n-20260603.htm | 0001628280-26-040037 |
| Document: 0001628280-26-040037-index-headers.html | 0001628280-26-040037 |
| Document: 0001628280-26-040037-index.html | 0001628280-26-040037 |
| Document: 0001628280-26-040037.txt | 0001628280-26-040037 |
| 8-K Data (Synthetic) | 0001628280-26-040037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
2d ago
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8-K
| $21.78 $23.03 | ▲ +5.74% | ▲ +5.34% | $22.17 (+1.79%) |
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May 18, 2026
17d ago
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8-K
| — | awaiting T+1 | — | — |
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Apr 1, 2026
9w ago
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144
| $17.80 $18.12 | ▲ +1.80% | ▲ +1.32% | $22.17 (+24.55%) |
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Mar 30, 2026
9w ago
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Insider Cluster
| $17.57 $18.10 | ▲ +3.01% | ▲ +0.12% | $22.17 (+26.17%) |
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Mar 30, 2026
9w ago
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Insider Cluster
| $17.57 $18.10 | ▲ +3.01% | ▲ +0.12% | $22.17 (+26.17%) |
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Mar 25, 2026
10w ago
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Insider Cluster
| $18.49 $18.49 | · 0.00% | ▲ +1.77% | $22.17 (+19.90%) |
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Mar 18, 2026
11w ago
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8-K
| $17.71 $18.03 | ▲ +1.81% | ▲ +2.07% | $22.17 (+25.18%) |
US Market Status
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