Macy's (NYSE: M) Q1 Earnings Beat Estimates, Raises Full-Year Forecast

Font: Financial Modeling Prep  • Sep 10, 2026

• Macy's (NYSE: M) reported strong quarterly earnings per share of $0.40, surpassing the consensus estimate of $0.37.
• The company's revenue reached $4.87 billion, beating expectations and driven by comparable sales growth across its brands, including Bloomingdale's and Bluemercury.
• Macy's raised its full-year financial forecast, projecting net sales between $21.68 billion and $21.83 billion, linked to its "Spring's Bold New Chapter" strategy.

Macy's (NYSE: M) is a major American department store company. It operates several well-known retail brands, including its namesake Macy's stores, the more upscale Bloomingdale's, and the beauty retailer Bluemercury. The company recently announced its quarterly financial results, providing insight into its current performance and future outlook.

Macy's reported quarterly earnings per share of $0.40, which was higher than the consensus estimate of $0.37. The company's adjusted profit showed a significant increase, reaching $0.63 per share. This figure includes a one-time benefit of $0.23 per share from tariff refunds, which totaled $116 million.

The company's revenue also surpassed expectations. It generated $4.87 billion in sales for the quarter, beating the estimated $4.81 billion. This performance was driven by strong comparable sales growth across its brands. Bloomingdale's sales increased by 11.3%, Bluemercury by 6.2%, and the main Macy's stores by 1.1%.

Following these results, Macy's raised its financial forecast for the full year. As highlighted by the Wall Street Journal, the company now expects net sales to be between $21.68 billion and $21.83 billion. This positive revision is linked to its "Spring's Bold New Chapter" strategy, which focuses on higher-income shoppers.

The company's financial health is reflected in several key metrics. Macy's has a Price-to-Earnings (P/E) ratio of 8.43, which values the company's stock price relative to its earnings. Its debt-to-equity ratio of 0.32 indicates that the company has low debt levels compared to its shareholder equity.