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Get filing alertsMacy's Q2 comparable sales rise 2.7%, raises full-year guidance
Filed September 10, 2026 · Period ending September 10, 2026 · ~1 min read
Key Changes
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Comparable sales rose 2.7% company-wide, with go-forward comparable sales up 2.8%; growth was positive across all three nameplates.
Exhibit 99.1 view on EDGAR → -
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GAAP diluted EPS doubled to $0.62 from $0.31 a year ago; adjusted diluted EPS rose 14% to $0.63 excluding a $0.23 net tariff refund benefit.
Exhibit 99.1 view on EDGAR → -
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Full-year net sales guidance raised to $21.675–$21.825 billion from $21.5–$21.75 billion; adjusted EPS guidance raised to $2.15–$2.35 from $2.00–$2.20.
Exhibit 99.1 view on EDGAR → -
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Repurchased 2.2 million shares for $50 million in Q2, totaling 4.9 million shares for $100 million in the first half; declared a regular quarterly dividend of 19.15 cents per share.
Exhibit 99.1 view on EDGAR → -
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Received $116 million in total IEEPA tariff refunds, with $98 million in Q2 and $18 million after quarter end; approximately $20 million will flow to full-year EPS.
Exhibit 99.1 view on EDGAR →
Summary
Macy's reported second-quarter 2026 results that beat expectations, with comparable sales up 2.7% and go-forward comparable sales up 2.8%. Growth was positive across all three nameplates: Macy's up 1.1%, Bloomingdale's up 11.3%, and Bluemercury up 6.2%. GAAP diluted EPS doubled to $0.62 from $0.31 a year ago, while adjusted diluted EPS rose 14% to $0.63 after excluding a $0.23 net tariff refund benefit.
The company raised its full-year guidance, lifting net sales to $21.675–$21.825 billion from $21.5–$21.75 billion, comparable sales to 1.0%–1.5% from 0.5%–1.2%, and adjusted diluted EPS to $2.15–$2.35 from $2.00–$2.20. Macy's also returned capital to shareholders, repurchasing 2.2 million shares for $50 million in the quarter and declaring a regular quarterly dividend of 19.15 cents per share.
The company received $116 million in IEEPA tariff refunds, with approximately $20 million flowing to full-year EPS and $96 million reinvested in the business. For retail investors, the results show improving sales momentum and a management team confident enough to raise guidance. The tariff refunds provide a one-time boost, but the underlying comparable sales growth and raised outlook suggest the core business is strengthening.
Section-by-Section Diff
Event · Exhibit 99.1
Macy's Q2 2026 results beat expectations with 2.7% comparable sales growth and raised full-year guidance.
Added in current filing · view on EDGAR →
Macy’s, Inc. comparable sales1 rose 2.7%, with go-forward1,2 comparable sales up 2.8%.
Comparable sales rose 2.7% company-wide, with go-forward comparable sales up 2.8%. Growth was positive across all three nameplates: Macy's up 1.1%, Bloomingdale's up 11.3%, and Bluemercury up 6.2%.
Added in current filing · view on EDGAR →
Net sales1 $21.675 billion to $21.825 billion $21.5 billion to $21.75 billion
The company raised its full-year net sales guidance to $21.675–$21.825 billion, up from the prior range of $21.5–$21.75 billion. Comparable sales guidance was also raised to 1.0%–1.5% from 0.5%–1.2%, and adjusted diluted EPS guidance to $2.15–$2.35 from $2.00–$2.20.
Event · Item 2.02 — Results of Operations and Financial Condition
Macy's issued a press release announcing financial results for the 13 and 26 weeks ended August 1, 2026.
Added in current filing · verify on EDGAR →
On September 10, 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 and 26 weeks ended August 1, 2026.
The 8-K discloses that Macy's issued a press release covering its financial condition, results of operations, and cash flows for the 13-week and 26-week periods ended August 1, 2026. The full press release is attached as Exhibit 99.1 and incorporated by reference. No specific financial figures are quoted in the 8-K body itself.
Added in current filing · verify on EDGAR →
The press release referred to above contains non-GAAP financial measures of earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted EBITDA, adjusted net income, and adjusted diluted earnings per share.
The earnings release includes non-GAAP measures: EBITDA, adjusted EBITDA, adjusted net income, and adjusted diluted EPS. These measures exclude loss on extinguishment of debt, benefit plan income, impairment, restructuring and other costs, and gains on sale of real estate. A reconciliation to GAAP is included at the end of the press release.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 11, 2026 · How we verify