Macy's Reports Strong Earnings Amid Consumer Concerns
Macy’s reported its best growth in four years for Q1 and raised its 2026 outlook, driven by higher-income shoppers amid a K-shaped economy. The company highlighted strong performance from Bloomingdale’s with same-store sales up 10.2%, while overall same-store sales rose 3%. CEO Tony Spring emphasized the importance of catering to different customer segments.
Topics: consumer spending earnings report K-shaped economy Macy's