Macy’s, Inc. reported a 1.1% increase in net sales to $4.9 billion and a 2.7% rise in comparable sales in Q2, driven by higher-priced products targeting middle- and upper-income consumers. The company increased its average unit retail (AUR) by 9%, attributing the growth to a refined product assortment and improved omnichannel experience. Macy’s raised its full-year 2026 net sales guidance to $21.675-$21.825 billion and comparable sales to 1%-1.5%, citing confidence in its strategy and tariff refunds totaling $116 million. The company plans to invest most tariff refunds in brand building and store initiatives while adding about $20 million to profits.
Treasury yields surged to their highest levels since 2008, driven by global rate hikes and persistent wholesale energy inflation, with the 10-year yield reaching 4.93%. The European Central Bank raised rates amid commodity pressures, and U.S. wholesa...
Macy's reported Q1 earnings per share of $0.40, exceeding the $0.37 estimate, with revenue of $4.87 billion beating expectations. Growth was driven by strong sales in Bloomingdale's, Bluemercury, and Macy's stores. The company raised its full-year ne...
Macy's and American Eagle both reported earnings but faced market sell-offs, with Macy's down 3.65% and American Eagle down 13.77%. Macy's beat expectations on earnings and sales, raised its full-year guidance, and showed strong cash flow and dividen...
Macy's reported second-quarter revenue of $4.9 billion, beating estimates, supported by $116 million in tariff refunds that boosted earnings. Adjusted EPS was $0.63 including $0.23 from refunds, surpassing expectations. The company raised its full-ye...
Macy's stock fell 5% after it reported better-than-expected Q2 earnings and raised its full-year outlook, driven partly by $116 million in tariff refunds. While revenue and profit beat estimates, the market reacted negatively because much of the earn...
