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Get filing alertsMacy's reports Q1 2026 results with debt extinguishment losses and restructuring costs
Filed June 3, 2026 · Period ending June 3, 2026 · ~1 min read
Key Changes
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Macy's disclosed first quarter 2026 financial results for the 13 weeks ended May 2, 2026, covering revenue, earnings, and cash flow performance for the period.
Item 2.02 verify on EDGAR → -
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Company excluded debt extinguishment losses from adjusted earnings metrics, indicating Macy's refinanced debt during the quarter and incurred costs from retiring existing obligations.
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Non-GAAP results also exclude restructuring costs and impairment charges, suggesting ongoing operational changes or asset write-downs that management views as one-time items.
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Adjusted metrics exclude benefit plan income and gains on real estate sales, which provided some offset to operating performance during the quarter.
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Summary
Macy's reported first quarter 2026 financial results covering the 13-week period ended May 2, 2026. The earnings release reveals the company incurred debt extinguishment losses during the quarter, indicating it refinanced existing debt obligations and paid costs to retire old bonds or credit facilities.
Management also excluded restructuring costs and impairment charges from adjusted earnings, suggesting ongoing operational changes or asset write-downs. Retail investors should note the gap between GAAP and adjusted results. While management presents adjusted metrics to show underlying business performance, the excluded items represent real cash costs or charges that impact shareholder value.
The debt refinancing may improve Macy's long-term capital structure, but the immediate costs reduce reported earnings. Watch for details in the full earnings release about the size of these charges and management's explanation of the restructuring activities. If restructuring costs persist across multiple quarters, it may signal deeper operational challenges rather than one-time adjustments.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Macy's disclosed Q1 2026 financial results for the 13 weeks ended May 2, 2026, including non-GAAP metrics excluding debt extinguishment losses.
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On June 3, 2026, Macy’s, Inc. (“Macy’s” or the “Company”) issued a press release announcing Macy’s financial condition, results of operations and cash flows as of and for the 13 weeks ended May 2, 2026.
Macy's announced its first quarter 2026 financial results covering the 13-week period ended May 2, 2026. The company disclosed its financial condition, operating results, and cash flows for the quarter through a press release attached as an exhibit to this 8-K filing.
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Adjusted EBITDA, adjusted net income and adjusted diluted earnings per share exclude certain items that consist of loss on extinguishment of debt, benefit plan income, net, impairment, restructuring and other (benefits) costs, and gains on sale of real estate.
The company reported non-GAAP financial metrics that exclude several items including losses from debt extinguishment, benefit plan income, impairment charges, restructuring costs, and real estate sale gains. These adjustments suggest the company incurred debt refinancing costs and restructuring activities during the quarter that management considers non-recurring.
Event · Item 9.01 — Financial Statements and Exhibits
Macy's filed an 8-K attaching a press release dated June 3, 2026; no material event details disclosed in the filing body.
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99.1 Press Release of Macy's dated June 3, 2026
Macy's attached a press release dated June 3, 2026 as Exhibit 99.1. The 8-K body does not describe the content of the press release, so the nature of the disclosed event cannot be determined from this filing alone.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify