Macy’s reported its best first-quarter comparable sales in four years on Wednesday, indicating ongoing progress in the company’s turnaround.
First Quarter 2026 Highlights
- Macy’s, Inc. comparable sales increased 3.0%, exceeding the company’s guidance, led by comparable sales, up 3.1%.
- Macy’s comparable sales rose 1.6%, inclusive of Reimagine 200 stores’ comparable sales, up 2.4%.
- Bloomingdale’s comparable sales grew 10.2%, marking seven consecutive quarters of gains.
- Bluemercury comparable sales increased 6.4%.
- Macy’s, Inc. achieved GAAP diluted earnings per share (“EPS”) of $0.23; Adjusted diluted EPS of $0.13, above the company’s guidance.
Tony Spring, chairman and chief executive officer of Macy’s, Inc. told investors: “We’re off to a strong start to the year, exceeding expectations for the fifth consecutive quarter as our Bold New Chapter strategy continues to build momentum.”
“Customers are responding – driving comparable sales growth at Macy’s and another standout quarter at Bloomingdale’s, underscoring its leadership in modern luxury. We’re operating with discipline and focusing on what matters most – our customers. With the power of our multi-brand, multi-category, multi-generational portfolio, we’re confident in our path to sustainable, profitable growth. And we’re excited to continue our year of celebrations at Macy’s, including the 50th anniversary of Macy’s Fourth of July Fireworks, as we mark the nation’s 250th.”
Macy’s shares were up more than 2% in premarket trading following the announcement.
By CEO NA Editorial Staff
