THE WHAT? Macy’s, Inc. reported its strongest first-quarter performance in four years and raised its full-year 2026 outlook, supported by growth across all nameplates, including strong performances from Bloomingdale’s and Bluemercury.
THE DETAILS First-quarter net sales increased 1.8% to US$4.7 billion, while comparable sales rose 3.0%, exceeding company guidance. Macy’s comparable sales increased 1.6%, with Reimagine 200 stores growing 2.4%. Luxury department store Bloomingdale’s delivered a 10.2% comparable sales increase, marking seven consecutive quarters of growth and achieving record first-quarter sales. Beauty retailer Bluemercury posted comparable sales growth of 6.4%. The company reported GAAP diluted earnings per share of US$0.23 and adjusted diluted earnings per share of US$0.13, both above expectations. Following the results, Macy’s raised its full-year guidance, increasing projected net sales to between US$21.5 billion and US$21.75 billion and lifting adjusted diluted EPS expectations to between US$2.00 and US$2.20.
THE WHY? The results demonstrate continued momentum behind Macy’s “Bold New Chapter” strategy, with growth in luxury and prestige beauty helping offset broader retail market challenges while supporting the company’s long-term profitability and transformation plans.
Source: Macy’s Inc
