Earnings Report· 2026-09-10
M
Q2 · 2026Pre-MarketMacy's Inc
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
0.63
— YoY
Expected
0.37
Beat
+70.27%
REVENUE
Actual ($)
5.06B
— YoY
Expected
4.81B
Beat
+5.18%
Earning Report
| Metric | Q2 2026 | Q2 2025 | YoY Change % |
|---|---|---|---|
| Total revenue | $5.06B | $5.00B | 1.2 |
| └─Net sales | $4.87B | $4.81B | 1.1 |
| └─Other revenue | $193.00M | $187.00M | 3.2 |
| Net income | $169.00M | $87.00M | 94.3 |
| Basic earnings per share | $0.64 | $0.32 | 100.0 |
| Diluted earnings per share | $0.62 | $0.31 | 100.0 |
| Adjusted diluted earnings per share | $0.63 | $0.35 | 14.0 |
| Credit card revenues, net | $156.00M | $153.00M | 2.0 |
| Macy's Media Network revenue, net | $37.00M | $34.00M | 8.8 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Net sales | — | $21.675B-$21.825B (prev. $21.5B-$21.75B) |
| Comparable sales change | — | 1.0%-1.5% (prev. 0.5%-1.2%) |
| Adjusted EBITDA as a percent of total revenue | — | 7.8%-8.0% (prev. 7.7%-7.9%) |
| Adjusted diluted EPS | — | $2.15-$2.35 (prev. $2.00-$2.20) |
Business Highlights
- ➤Comparable sales were positive across all three nameplates.
- ➤Reimagine 200 Macy’s stores continued to outperform.
- ➤Bloomingdale’s recorded its highest second-quarter sales volume in brand history.
- ➤The company received all expected IEEPA tariff refunds totaling $116M.
- ➤Most tariff-refund proceeds are being reinvested in Bold New Chapter initiatives.
- ➤Inventory composition and levels were positioned for the second half of 2026.
- ➤Returned $51M through the quarterly dividend during the quarter.
- ➤Repurchased 2.2M shares for $50M during the quarter.
- ➤Approximately $1.0B remained under the share-repurchase authorization.
- ➤Board declared a 19.15-cent quarterly dividend payable October 1, 2026.
Management Commentary
Tony Spring, chairman and chief executive officer
“Our second-quarter performance builds on the progress our colleagues have consistently delivered through our Bold New Chapter strategy. The investments we're making are driving results across our portfolio, from the continued outperformance of our Reimagine 200 Macy’s stores, to meaningful double-digit growth at Bloomingdale’s and another solid quarter at Bluemercury. As we enter the second half of the year, we remain focused on scaling what is resonating most with customers – exciting brands and assortments and compelling events and experiences. Combined with disciplined execution, we expect these efforts to continue to build a durable foundation for sustainable, profitable growth.”