AI Generated Image
Macy's (M) Q2 2026 earnings
CNBC • • general
Key Points:
- Macy's reported a 2.7% rise in overall comparable sales for its second fiscal quarter, driven by revamped "reimagined stores," with Bloomingdale's up 11.3% and Bluemercury up 6.2%, signaling progress in its turnaround efforts.
- The company raised its full-year guidance, projecting net sales between $21.68 billion and $21.83 billion and comparable sales growth of 1% to 1.5%, alongside an increased earnings per share outlook of $2.15 to $2.35.
- Macy's received $116 million in tariff refunds, planning to reinvest about $96 million into customer experience improvements rather than temporary price cuts, aiming for lasting strategic benefits.
- In Q2, Macy's reported adjusted earnings per share of 40 cents and revenue of $4.87 billion, slightly surpassing Wall Street expectations, with net income rising to $169 million from $87 million the previous year.
- CEO Tony Spring emphasized the company's ability to cater to both higher- and lower-income shoppers by offering differentiated experiences and value options amid economic challenges.
