Macy's Reports Q2 Earnings with Revenue Growth and Improved Performance Across Brands
Macy’s Inc. (M) reported second-quarter earnings for fiscal year 2026, showing total net sales of $4.9 billion—a 1.1% increase compared to the prior-year period. The company saw positive comparable sales growth across all three nameplates and channels, with Bloomingdale's delivering its highest Q2 sales in over a century at an 11.3% rise. Adjusted diluted earnings per share (EPS) came in at $0.63, boosted by tariff refunds of $98 million received during the quarter. Gross margin improved to 41.5%, up from 39.7% last year, and adjusted EBITDA reached $457 million—up significantly compared to $373 million a year ago. The company raised its full-year sales guidance to between $21.675 billion and $21.825 billion and increased EPS expectations from $2.00–$2.20 to $2.15–$2.35, reflecting strong performance in the second quarter.
Topics: financial_performance retail sales_growth