Macy's reported first-quarter fiscal 2026 results that surpassed the Zacks Consensus Estimate, with adjusted earnings of 13 cents per share and net sales of $4,682 million. Comparable sales rose 3%, marking the strongest fiscal first-quarter performance in four years, driven by growth across all three nameplates: Macy's, Bloomingdale's, and Bluemercury. Encouraged by the results, management raised its full-year outlook, now expecting net sales of $21.5 to $21.75 billion and adjusted earnings per share of $2.00 to $2.20. The company also provided second-quarter guidance, projecting net sales of $4.75 to $4.80 billion and adjusted earnings per share of 29 to 34 cents. Shares have added about 1% since the last earnings report, outperforming the S&P 500.
Macy’s IncMacy's beat Q1 earnings estimates and raised fiscal 2026 outlook.
Kohl's Corporation