Macy's stock reports stronger earnings and higher 2026 guidance

Published on 10/05/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macy's stock was last at USD 22.73 on October 2, 2026, after fiscal Q2 revenue reached USD 5.059 billion. Management raised 2026 sales guidance to USD 21.675 billion to USD 21.825 billion.

Macy's, US55616P1049, Illustration mit AI erstellt.

Macy's stock was last at USD 22.73 on the NYSE on October 2, 2026 at 4:00 p.m. ET, down 0.15 percent on the session. The company entered October with fiscal second-quarter revenue of USD 5.059 billion and GAAP diluted EPS of USD 0.62, according to Macy's, Inc. on September 10, 2026.

Guidance moves higher

Macy's raised fiscal 2026 net sales guidance to USD 21.675 billion to USD 21.825 billion from USD 21.5 billion to USD 21.75 billion previously. Adjusted diluted EPS guidance increased to USD 2.15 to USD 2.35, while comparable sales guidance stands at 1.0 percent to 1.5 percent.

The Q2 figures show the source of the upgrade. Revenue increased 1.1 percent year over year, while GAAP diluted EPS doubled from USD 0.31 in Q2 2025 to USD 0.62 in Q2 2026, according to Macy's, Inc..

Bloomingdale's leads the mix

Growth was not evenly distributed across the portfolio. Macy's comparable sales rose 1.1 percent, Bloomingdale's increased 11.3 percent and Bluemercury advanced 6.2 percent in the quarter ended August 1, 2026.

Gross margin reached 41.5 percent, up from 39.7 percent in the comparable quarter, while adjusted EBITDA rose to USD 457 million from USD 373 million. The improvement gives investors a more useful operating measure than sales alone because it captures the effect of the retailer's cost and merchandise actions.

Analysts stay near the share price

MarketBeat reported on September 25, 2026 that Macy's has a Hold consensus from 13 analysts, including two Buy, nine Hold and two Sell ratings. The average price target is USD 22.78, which lies 0.22 percent above the October 2 price of USD 22.73.

The same September 25 report said Zacks Research raised its fiscal 2027 EPS forecast to USD 2.34 from USD 2.13 while maintaining a Hold rating. Citigroup had raised its target from USD 22.00 to USD 24.00 on August 25, 2026, while keeping a neutral rating.

Stock stays below yearly high

Macy's was last at USD 22.73 on the NYSE on October 2, 2026 at 4:00 p.m. ET. Its 52-week range was USD 16.41 to USD 26.59, market capitalization was USD 6.0 billion and volume was 4,600,637 shares.