- Macy's Inc.
- 03 June 2026 15:11:23
Source: Sharecast
The company, which owns Macy's and Bloomingdale's retail brands and the Bluemercury beauty and spa chain, said net sales over the three months to 2 May totalled $4.68bn, up 1.8% over last year.
Comparable sales were up 3.0% across the business, with growth staying positive across each of the nameplate businesses.
Adjusted net income improved to $35m from $31m, while adjusted earnings per share of $0.13 came in well ahead of the $0.03 expected by the market.
Chief executive Tony Spring said the company was “off to a strong start to the year, exceeding expectations for the fifth consecutive quarter as our Bold New Chapter strategy continues to build momentum”.
“Customers are responding – driving comparable sales growth at Macy’s and another standout quarter at Bloomingdale’s, underscoring its leadership in modern luxury.”
Looking ahead, Macy’s said it now expects to generate net sales of $21.5bn-21.75bn for the full year, ahead of previous guidance of $21.4bn-21.65bn, and comparable sales growth of 0.5-1.2%, up from a range of -0.5% to 0.5% previously.
Despite the upgrade, the stock was down 1.5% at $21.34 by 1508 BST.