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Macy's beats Q1 earnings and sales estimates, raises full-year guidance on strong Bloomingdale’s growth

Company Fundamentals
03 Jun 2026
Proactive Investors
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Bullish
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Macy's reported first-quarter earnings per share of $0.13, beating estimates of $0.03, with net sales of $4.68 billion surpassing expectations. Comparable sales rose 3%, driven by strong performances at Macy’s, Bloomingdale’s (up 10.2%), and Bluemercury. The company raised its full-year guidance, expecting adjusted EPS of $2.00 to $2.20 and net sales between $21.5 billion and $21.75 billion. Despite a slightly cautious Q2 EPS outlook, analysts see continued momentum and potential upside from Macy’s Bold New Chapter strategy and luxury segment strength.

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