Business
Macy’s, Inc. Reports Strong First Quarter 2026 Results and Raises Full-Year Outlook
Macy’s, Inc. Reports Strong First Quarter 2026 Results and Raises Full-Year
About this update from Macy's Inc
Macy’s, Inc. (NYSE: M) today reported financial results for the first quarter 2026 and updated its annual guidance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260603976443/en/ First Quarter 2026 Highlights Macy’s, Inc. comparable sales1 increased 3.0%, exceeding the company’s guidance and led by go-forward1,2 comparable sales, up 3.1%. Macy’s comparable sales rose 1.6%, inclusive of Reimagine 200 stores’ comparable sales, up 2.4%. Bloomingdale’s comparable sales grew 10.2%, marking seven consecutive quarters of gains. Bluemercury comparable sales increased 6.4%. Macy’s, Inc. achieved GAAP diluted earnings per share (“EPS”) of $0.23; Adjusted diluted EPS of $0.13, above the company’s guidance. “We’re off to a strong start to the year, exceeding expectations for the fifth consecutive quarter as our Bold New Chapter strategy continues to build momentum,” said Tony Spring, chairman and chief executive officer of Macy’s, Inc. “Customers are responding – driving comparable sales growth at Macy’s and another standout quarter at Bloomingdale’s, underscoring its leadership in modern luxury. We’re operating with discipline and focusing on what matters most – our customers. With the power of our multi-brand, multi-category, multi-generational portfolio, we’re confident in our path to sustainable, profitable growth. And we’re excited to continue our year of celebrations at Macy’s, including the 50th anniversary of Macy’s Fourth of July Fireworks, as we mark the nation’s 250th.” First Quarter 2026 Results1 (comparisons are to the first quarter of 2025) Macy’s, Inc. net sales, inclusive of store closures, increased 1.8%3 to $4.7 billion, with comparable sales up 3.0%. Comparable sales were positive at each of the company’s nameplates. Macy’s, Inc. go-forward1,2 business comparable sales were up 3.1%. By nameplate: Macy’s comparable sales were up 1.6%. Reimagine 200 locations comparable sales were up 2.4%. Bloomingdale’s comparable sales were up 10.2%. Bluemercury comparable sales were up 6.4%. Other revenue of $210 million increased $16 million, or 8.2%. Within other revenue: Credit card net revenues increased $18 million, or 11.7%, to $172 million, primarily due to the company’s healthy credit portfolio. Macy’s Media Network net revenue decreased $2 million, or 5.0%, to $38 million, reflecting the timin...