Macy’s reported a 3 percent rise in Q1 comparable sales, driven by strength at Bloomingdale’s and reimagined stores.
Macy’s Inc. raised its 2026 outlook after first-quarter comparable sales climbed 3 percent, surpassing internal guidance. Total sales reached $4.7 billion, up from $4.6 billion a year earlier, while net income rose to $63 million from $38 million.
Go-forward comparable sales, excluding stores slated for closure, increased 3.1 percent. Bloomingdale’s led growth with a 10.2 percent gain in comparable sales, marking its seventh consecutive quarter of improvement. Macy’s reimagined stores saw a 2.4 percent rise, while Bluemercury posted a 6.4 percent increase.
Adjusted earnings per share rose to $0.13 from $0.11, though adjusted EBITDA dipped to $290 million from $304 million in the prior-year period.