Macy’s Issues Conservative 2026 Guidance, Projects EPS $1.90–$2.10 and 0.5% Sales Growth
Macy’s forecasts FY26 adjusted EPS of $1.90–$2.10 and comparable-sales growth up to 0.5%, both below analyst averages, excluding real estate gains. Q1 net sales, comparable sales and profit beat forecasts, with Bloomingdale’s comp sales up nearly 10% and Bluemercury rising 1.3%.
1. Fiscal 2026 Guidance
Macy’s forecasts full-year 2026 adjusted EPS of $1.90–$2.10 and comparable-sales growth of up to 0.5%, both below analysts’ averages. The outlook excludes real estate gains and reflects caution over geopolitical tensions and rising tariff-related costs.
2. Q1 Fiscal 2026 Results
For the quarter ended Jan. 31, Macy’s net sales, comparable-store sales and profit all surpassed consensus forecasts, driven by resilient demand in apparel, accessories and home goods. The outperformance helped offset earlier share-price declines.
3. Division Highlights
Bloomingdale’s comparable-sales surged nearly 10% as luxury shoppers shifted from competitors in bankruptcy, while Bluemercury’s comp sales rose 1.3%, demonstrating strength in the cosmetics segment and bolstering overall profitability.