Macy's reported second-quarter fiscal 2026 results that beat the Zacks Consensus Estimate on both earnings and revenue, yet its shares fell 4.7% as investors focused on a projected third-quarter loss and moderating comparable sales. Adjusted earnings excluding the net tariff-refund benefit were 40 cents per share, topping the 37-cent estimate and up from 35 cents a year earlier, while net sales of $4,866 million beat the $4,820 million estimate and rose 1.1% year over year. Comparable sales rose 2.7% on an owned-plus-licensed-plus-marketplace basis, the fifth consecutive quarter of growth, with Bloomingdale's comps up 11.3% and Bluemercury up 6.2%. The company raised its fiscal 2026 outlook to net sales of $21.675-$21.825 billion from $21.5-$21.75 billion, comparable sales growth of 1-1.5% from 0.5-1.2%, and adjusted earnings of $2.15-$2.35 per share from $2-$2.20. For the third quarter, Macy's expects net sales of $4.65-$4.70 billion and an adjusted loss per share of 19 to 23 cents.
Macy’s IncMacy's Q2 earnings and revenue beat estimates and it raised its FY'26 outlook, despite the stock dropping on Q3 loss guidance.
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