Macy’s FY26 Q2 GAAP EPS more than doubled to $0.62; net sales increase 1.1% to $4.9 billion - M News | RalliesMacy’s FY26 Q2 GAAP EPS more than doubled to $0.62; net sales increase 1.1% to $4.9 billion
M
M• Full-year outlook
- Full-year guidance was raised, with net sales seen at $21.68 billion-$21.83 billion; adjusted diluted EPS forecast at $2.15-$2.35.
Q2 results and sales performance
- Macy’s posted Q2 GAAP net income of $169 million, more than doubled from a year earlier; GAAP diluted EPS doubled to $0.62.
- Net sales rose 1.1% to $4.9 billion; comparable sales climbed 2.7%, with go-forward comparable sales up 2.8%.
- Gross margin widened 1.8 percentage points to 41.5%, including a 1.8-point benefit from net tariff refunds.
- Bloomingdale’s comparable sales jumped 11.3% to a record second-quarter level; Bluemercury comparable sales increased 6.2%.
MTZ
•
