Macy's stock reports stronger guidance after fiscal Q2 growth

Published on 10/01/2026 at 06:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macy's stock reflects a fiscal Q2 with USD 5.06 billion in revenue and USD 0.62 GAAP EPS. Fiscal 2026 adjusted EPS guidance rose to USD 2.15 to USD 2.35.

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Macy's stock was last at EUR 19.54 on Tradegate on September 25, 2026 at 12:13 p.m. CEST, while the retailer's fiscal second quarter delivered USD 5.06 billion in revenue and USD 0.62 in GAAP diluted EPS. The latest results point to a recovery that is gaining breadth, but the next quarter carries a softer comparable-sales outlook.

Guidance rises after Q2 growth

According to Macy's on September 10, 2026, comparable sales rose 2.7 percent in fiscal Q2, marking a fifth consecutive quarter of positive comparable growth. Bloomingdale's grew 11.3 percent, while Bluemercury increased 6.2 percent.

The company 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. Adjusted diluted EPS guidance moved to USD 2.15 to USD 2.35 from USD 2.00 to USD 2.20, creating a concrete upgrade for investors evaluating the turnaround.

Tariff refunds lift the quarter

Fiscal Q2 GAAP net income reached USD 169 million, compared with USD 87 million a year earlier, according to CNBC on September 10, 2026. Adjusted EPS was USD 0.63, but the figure included a USD 0.23 net tariff-refund benefit, making the USD 0.40 adjusted EPS excluding that benefit an important quality check.

Macy's said it received USD 116 million in tariff refunds and planned to invest USD 96 million in the customer experience and its turnaround strategy. The company also reported a fiscal Q2 gross margin of 41.5 percent, up from 39.7 percent in the prior-year quarter.

Analyst view stays divided

MarketBeat reported on September 20, 2026, that Wall Street Zen upgraded Macy's from Hold to Buy. The broader tally cited by the outlet was nine Hold ratings, two Buy ratings and two Sell ratings, with an average price target of USD 22.78.

The counterweight is the third-quarter outlook. Macy's expects fiscal Q3 adjusted EPS to show a loss of USD 0.19 to USD 0.23 and comparable sales to range from a 0.5 percent decline to a 0.5 percent increase, a marked slowdown from the fiscal Q2 growth rate.

Tradegate quote and market size

Macy's was last at EUR 19.54 on Tradegate on September 25, 2026, up 0.05 percent versus the Tradegate close of EUR 19.53 on September 24, 2026. On the NYSE, the stock was last at USD 22.77 on September 30, 2026 at 4:00 p.m. ET, with a market capitalization of USD 6.0 billion and a 52-week range of USD 16.41 to USD 26.59.