Macy's (NYSE:M) Issues Q3 2026 Earnings Guidance
Bloomingdale’s and Bluemercury drove the upgrade as higher-income shoppers kept spending, and Macy’s said tariff refunds added 23 cents a share.
- On Thursday, Macy's raised its annual sales and profit forecasts, citing strong performance at upscale Bloomingdale's and Bluemercury chains as higher-income shoppers continue spending despite economic uncertainty.
- CEO Tony Spring's 2024 "Bold New Chapter" strategy prioritizes higher-margin products and full-price sales. "The investments we're making are driving results across our portfolio," Spring said.
- Second-Quarter sales rose 1.1% to $4.87 billion, topping analysts' $4.83 billion estimate. Comparable sales at Bloomingdale's jumped 11.3%, while Bluemercury grew 6.2%, contrasting with 1.1% growth at Macy's namesake stores.
- Tariff refunds contributed 23 cents per share to earnings, with Macy's receiving $116 million so far. Adjusted quarterly profit rose 80% to 63 cents per share.
- Macy's lifted its annual adjusted earnings per share guidance to $2.15–$2.35 from $2.00–$2.20. Shares rose about 5% in premarket trading following the announcement.
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Macy's raises annual targets as Bloomingdale's drives growth
Macyňs released financial results above expected for its second fiscal quarter and raised its projections for the year for the second time in 2026, driven by the resilience of consumer spending and the good performance of its brands. Exclusive material for subscribers. To have full access, access the link of the material and register.
Macy's (NYSE:M) Issues Q3 2026 Earnings Guidance
Macy's (NYSE:M) updated its third quarter 2026 earnings guidance. The company provided EPS guidance of -0.230--0.190 for the period, compared to the consensus estimate of -0.120. The company also issued revenue guidance of $4.7 billionillion-$4.7 billionillion, compared to the consensus estimate of $4.7 billionillion.
Macy's (M) Q2 2026 earnings
Macy’s on Thursday posted growth across the company in its fiscal second quarter and raised guidance as it continues its turnaround. The retailer said overall comparable sales rose 2.7% for the quarter, with comparable sales for its namesake brand up 1.1%. The company said that growth was largely driven by its so-called reimagined stores, locations
Why a 'beat and raise' isn't driving Macy's stock higher?
Macy’s (M) stock opened in the red on Thursday even though the retailer posted a top- and bottom-line beats – and modestly raised its guidance for the full-year as well. The department store chain recorded 40 cents per share of earnings (EPS) for its Q2 on $4.87 billion in revenue, handily beating 37 cents a share and $4.83 billion consensus. For the full financial year, management now projects at least $21.68 billion in net sales and $2.15 a sh…
Ισχυρό β' τρίμηνο για Macy's και αναβάθμιση guidance - Καθαρά κέρδη 169 εκατ. δολαρίων
Ανάπτυξη σε όλους τους τομείς δραστηριοποίησής της κατά το δεύτερο τρίμηνο κατέγραψε η Macy's και αναβάθμισε το guidance καθώς συνεχίζει την ανάκαμψή της. Ανάπτυξη σε όλους τους τομείς δραστηριοποίησής της κατά το δεύτερο τρίμηνο κατέγραψε η Macy's και αναβάθμισε το by sofokleous10..gr
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