Macy's Q1 2026 earnings beat, raises full-year outlook
Key takeaways
- Net sales rose 1.8% to $4.68 billion in the quarter ended May 2.
- The standout performer was Bloomingdale s, where comparable sales surged 10.2%, marking a record for the division s first-quarter results and its seventh straight quarter of growth.
- Macy s raised its full-year net sales guidance to a range of $21.5 billion to $21.75 billion, up from a prior forecast of $21.4 billion to $21.65 billion.
Macy's Q1 2026 earnings beat, raises full-year outlook Quartz · Credit: Caldorwards4 at English Wikipedia / Wikimedia Commons (CC BY-SA 3.0) Cris Tolomia Wed, June 3, 2026 at 6:25 PM GMT+7 2 min read M Macy s reported first-quarter comparable sales growth of 3%, its strongest first-quarter performance in four years, and raised its full-year net sales and earnings guidance on Wednesday.
Net sales rose 1.8% to $4.68 billion in the quarter ended May 2. Net income came in at $63 million, or 23 cents per diluted share, compared with $38 million, or 13 cents per diluted share, a year earlier. On an adjusted basis, diluted earnings per share were 13 cents. Analysts had expected first-quarter revenue of $4.61 billion and adjusted earnings per share of three cents, according to The Wall Street Journal.
The standout performer was Bloomingdale s, where comparable sales surged 10.2%, marking a record for the division s first-quarter results and its seventh straight quarter of growth. The Macy s namesake banner saw a 1.6% comparable sales increase, and Bluemercury added a 6.4% gain. Comparable sales at the company s 200 so-called Reimagine locations — stores that have received targeted investment — rose 2.4%, the company said.