Macy’s Inc. reported a robust first quarter for fiscal 2026, with net sales reaching $4.7 billion, up 1.8% from the previous year and surpassing expectations of $4.575 billion to $4.625 billion. Comparable sales rose by 3%, exceeding the forecast of 0.5% to 1.5%. The results mark five consecutive quarters of exceeding both top- and bottom-line expectations, thanks to the company’s “A Bold New Chapter” turnaround strategy, which has led to improved performance across all nameplates, including Macy’s, Bloomingdale’s, and Bluemercury.
The standout performance came from Bloomingdale’s, achieving its highest first-quarter sales volume in 154 years, boosted by strong demand in various categories, including ready-to-wear and fine jewelry. Bluemercury also saw a 6.4% increase in comparable sales. For the upcoming second quarter, Macy’s anticipates net sales between $4.75 billion and $4.8 billion, with an adjusted diluted EPS of $0.29 to $0.34. Full-year forecasts have been raised to a net sales range of $21.5 billion to $21.75 billion, reflecting continued positive momentum.
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