Berkshire Hathaway Buys $55M Macy’s Stake After Q1 Sales Beat
BRKA•Berkshire Hathaway bought $55 million of Macy’s shares in Q1 2026 after Macy’s reported a 3% comparable sales increase and beat revenue forecasts. Macy’s has lost 75% of market value since 2015, closed hundreds of stores under its Reimagine plan and faces a consensus price target implying 10% downside.
1. Stake Acquisition and Size
Berkshire Hathaway disclosed a $55 million purchase of Macy’s common shares in the first quarter, marking a new stake in the department store chain. The purchase represents a strategic bet on a company that has seen its market value slump 75% since 2015.
2. Q1 2026 Performance
Macy’s reported Q1 2026 revenue above consensus expectations as comparable store sales rose by 3% year-over-year. Strong demand for core merchandise categories drove the beat, highlighting early signs of stabilization in foot traffic and online sales.
3. Store Overhaul and Outlook
The retailer has closed hundreds of locations under its Reimagine plan to modernize stores and optimize its footprint. Wall Street’s average price target implies about 10% downside, reflecting lingering skepticism about Macy’s ability to sustain margin improvements.
