Macy's (M) Company Report

Macy's Inc reported strong Q3 2026 results, with net sales of $4.7 billion (down 0.6% but up 2.9% excluding closed stores) and comparable sales up 3.2%, marking its strongest comp growth in 13 quarters.
The company significantly exceeded guidance, achieving adjusted EPS of $0.09 (compared to guidance of a loss of $0.15-$0.20) and Core adjusted EBITDA of $273 million or 5.6% of total revenue (above guidance of 3.3%-3.7%).
Performance was broad-based, with Bloomingdale's comparable sales up 9% (its best in 13 quarters), Macy's nameplate comparable sales up 2%, and Bluemercury comparable sales up 1.1%.
Macy's Inc raised its full-year 2025 adjusted EPS guidance to $2.00-$2.20 and updated net sales guidance to $21.475 billion-$21.625 billion, reflecting effective tariff mitigation and strong fundamental performance.
The company noted positive traffic and increased Average Unit Retail (AUR) in Q3, driven by customer response to newness and improved omnichannel experience.

2 days ago

Transcript

Macy's Inc. Reports Strong Q3 2026 Results, Raises Full-Year Guidance

Earnings

Guidance Update

Revenue Acceleration/Inflection

Macy's Inc. reported strong Q3 2026 results, with adjusted diluted EPS of $0.09 significantly exceeding guidance of a loss of $0.15-$0.20, and Macy's Inc. comparable sales increasing by 3.2%.
Net sales for Q3 2026 were $4.7 billion, a 0.6% decrease year-over-year; however, excluding the impact of 64 closed stores, sales grew 2.9%.
Luxury brands performed well, with Bloomingdale's achieving a 9% comparable sales increase and Bluemercury growing by 1.1%.
The company raised its full-year 2025 adjusted EPS guidance to $2.00-$2.20 and updated its net sales outlook to $21.475 billion-$21.625 billion, reflecting effective tariff mitigation and strong performance.
Macy's continues to advance its "Bold New Chapter" strategy, including the opening of a new, technologically advanced distribution center to improve operations.

2 days ago

Transcript

Macy's Inc. Reports Strong Q3 2026 Results and Raises Full-Year EPS Guidance

Earnings

Guidance Update

Revenue Acceleration/Inflection

Macy's Inc. reported strong Q3 2026 results, with net sales of $4.7 billion and adjusted diluted EPS of $0.09, both exceeding guidance. Excluding the impact of planned store closures, net sales grew 2.9%.
The company achieved a positive 3.2% comparable sales growth for Macy's Inc., its strongest in 13 quarters, with positive contributions from each nameplate including Macy's (2%), Bloomingdale's (9%), and Bluemercury (1.1%).
Macy's raised its full-year adjusted EPS guidance to $2.00-$2.20. The company also returned $350 million to shareholders through dividends and share repurchases in Q3 2026, with approximately $1.2 billion remaining on its buyback authorization.
The "Bold New Chapter" strategy continues to drive improvements, with initiatives gaining traction across strengthening the Macy's nameplate, accelerating luxury, and simplifying operations. This includes the opening of a new China Grove Distribution Center and plans to expand the Reimagined 125 store program.

2 days ago

Transcript

Macy's, Inc. announces Q3 2025 results and raises FY25 guidance

Earnings

Guidance Update

Share Buyback

Macy's, Inc. reported Adjusted Diluted EPS of $0.09 and a 3.2% increase in Comparable Owned-Plus-Licensed-Plus-Marketplace (O+L+M) Sales for Q3 2025, exceeding guidance.
Both Bloomingdale's and Bluemercury demonstrated strong performance, with Bloomingdale's achieving its fifth consecutive quarter of comparable sales growth (+9.0%) and Bluemercury its nineteenth consecutive quarter of comparable owned sales growth (+1.1%).
The company raised its FY25 guidance, now expecting Net Sales between $21.475 billion and $21.625 billion and Adjusted Diluted EPS between $2.00 and $2.20.
For 4Q25, Macy's, Inc. projects Net Sales of $7.35 billion to $7.50 billion and Adjusted Diluted EPS of $1.35 to $1.55.
Year-to-date, the company returned capital to shareholders through $149 million in dividend payments and $201 million in share repurchases.

2 days ago

Presentation

Macy's, Inc. Reports Third Quarter 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

Share Buyback

Macy's, Inc. reported net sales of $4.7 billion and Adjusted diluted EPS of $0.09 for the third quarter of 2025, exceeding its guidance.
The company achieved its strongest comparable sales growth in 13 quarters, with Macy's, Inc. comparable sales up 3.2% on an owned-plus-licensed-plus-marketplace basis for Q3 2025.
Macy's, Inc. updated its annual guidance for 2025, raising expected net sales to $21.475 billion to $21.625 billion and Adjusted diluted EPS to $2.00 to $2.20.
Shareholder returns in Q3 2025 totaled approximately $99 million, consisting of $49 million in quarterly cash dividends and $50 million in share repurchases.

2 days ago

8-K

Marqeta Powers Klarna Debit Card Expansion in Europe

Product Launch

New Projects/Investments

Marqeta is expanding its partnership with Klarna to power the launch of the Klarna Debit Card in 15 new European markets.
The Klarna Card, utilizing Marqeta's platform and Visa's Flexible Credential technology, allows consumers to choose between paying immediately or later.
This European rollout builds on the successful U.S. launch of the Klarna Card in June 2025.
Marqeta's platform processed nearly $300 billion in annual payments volume in 2024 and is certified to operate in more than 40 countries worldwide.

Nov 3, 2025, 1:00 PM

Press Release

Macy's Discusses Q2 Performance and "Bold New Chapter" Strategy

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Macy's reported Q2 results that over-delivered on top line, bottom line, and adjusted EBITDA, achieving the best growth in the last 12 quarters for Macy's, Inc. and Macy's comparable sales.
The company is actively implementing its "Bold New Chapter" strategy, which includes strengthening the Macy's nameplate by reducing its store fleet to approximately 350 doors (from ~500), accelerating luxury brands like Bloomingdale's and Bluemercury, and modernizing end-to-end operations.
Macy's expects consumers to be more "choiceful" in the second half of the year, with a 40-60 basis point tariff impact embedded in its guidance, but remains well-positioned due to its multi-channel, multi-brand model.
The long-term financial algorithm aims for low single-digit top-line growth and mid-single-digit EBITDA growth, supported by a strong balance sheet with no debt maturities until 2030 and a consistent $50 million quarterly dividend.
Macy's is exploring AI applications for personalization, demand planning, inventory management, and operational efficiencies, including the use of robotics.

Oct 8, 2025, 12:10 PM

Transcript

Macy's Raises Forecasts Amid Turnaround Efforts, Shares Soar

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Macy's raised its annual sales and profit forecasts, leading to its shares soaring about 20%.
The company's strategy includes focusing on pricier labels such as Bloomingdale's and Bluemercury to attract higher-income shoppers, and selectively increasing prices to manage tariff costs.
This positive outlook is attributed to CEO Tony Spring's turnaround plan, which involves closing 150 Macy's stores by 2026, reinvesting in high-potential locations, and improving product offerings and loyalty programs.
The retailer's confidence in its recovery comes despite expectations for the steepest drop in US holiday spending since the pandemic.

Sep 3, 2025, 6:33 PM

Reuters

Macy's Q1 2026 Results and Strategic Guidance

Earnings

Guidance Update

Net sales were $4.6 billion in Q1 2026 with comparable declines of 1.2% overall and 0.9% in go-forward business, and adjusted diluted EPS of $0.16, indicating a modest performance despite challenging market conditions.
The company is advancing its Bold New Chapter strategy, with improved performance at key brands: Bloomingdale's comps increased by 3.8% and Bluemercury comps by 1.5%, supporting share capture efforts.
Gross margin remained stable at 39.2% of net sales and the company continues a disciplined approach to inventory and SG&A, underscored by strong liquidity and a focus on operational efficiency.
Looking ahead, guidance for the full year projects net sales of $21.0–$21.4 billion and Q2 expectations include net sales of $4.65–$4.75 billion along with updated EPS and EBITDA targets, reflecting proactive tariff and promotional management.

May 29, 2025, 9:21 AM

Macy's 8-K Discloses Credit Facility and Financial Covenant Details

Debt Issuance

Filing Information: Macy’s, Inc. filed an 8-K on April 9, 2025, providing current disclosure to meet SEC requirements at its New York headquarters.
Credit Facility Provisions: The filing sets out detailed terms related to its credit arrangements, including definitions for Benchmark Replacement Adjustments, Consolidated EBITDA, and varying interest calculations under its loan documents.
Contractual Representations: It also details key representations, warranties, and reporting requirements associated with its financial and loan agreements, underscoring compliance and contractual obligations.

Apr 9, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Macy's.

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