Key Points – Macy’s beat first-quarter expectations across sales, comparable sales, EBITDA and EPS, with CEO Tony Spring saying the company’s turnaround strategy is gaining traction.
Comparable sales rose 3%, marking the fourth straight quarter of growth. – Bloomingdale’s and Bluemercury were standout performers, while Macy’s reimagined store base continued to outperform the broader banner
Bloomingdale’s posted its highest-ever first-quarter sales, and Bluemercury comparable sales accelerated 6.4%. – The company raised full-year guidance after strong results, now expecting fiscal 2026 adjusted EPS of $2.00 to $2.20 and comparable sales growth of 0.5% to 1.2%. Macy’s also returned $100 million to shareholders in the quarter and highlighted AI, events and merchandising initiatives as growth drivers. – Kohl’s Stock Soars After Better-Than-Feared Quarter Macy’s (NYSE:M) reported a stronger-than-expected first quarter of fiscal 2026, with executives saying the retailer’s “A Bold New Chapter” turnaround strategy is gaining traction across its Macy’s, Bloomingdale’s and Bluemercury banners. Chairman and CEO Tony Spring said the company delivered “enterprise-wide growth” and its best comparable sales performance in four years, with all nameplates and channels positive.
Macy’s Inc. net sales, comparable sales, adjusted EBITDA and adjusted diluted earnings per share all exceeded the company’s prior guidance. – MGM Buyout: The House Doesn’t Always Win “Our customer-led focus is resonating and driving tangible results,” Spring said, adding that the company has now posted five consecutive quarters of better-than-expected top- and bottom-line results and four consecutive quarters of comparable sales growth. Sales Beat Expectations Across Nameplates For the quarter, Macy’s Inc. net sales rose 1.8% to $4.7 billion, above guidance of $4.575 billion to $4.625 billion, COO and CFO Tom Edwards said. Excluding roughly $40 million of impact from 14 non-go-forward store closures at the…