Macy's first quarter 2026 results beat estimates, driven by 3.1% go-forward comp sales growth, prompting a raised full-year outlook.

Macy's reported first quarter net sales of $4.7 billion and adjusted EPS of $0.13, beating analyst expectations for $0.02. The company's comparable sales increased 3.0% year-over-year, marking its strongest first-quarter performance in four years and prompting an increase in full-year guidance.

Key Highlights

• Bloomingdale’s delivered standout performance with comparable sales growth of 10.2%, its seventh consecutive quarter of gains.
• Go-forward comparable sales, a key investor metric, increased by 3.1%, significantly outpacing analyst estimates of a 0.5% decline.
• Following the strong start to the year, the company raised its full-year 2026 adjusted EPS guidance to a range of $2.00 to $2.20, up from $1.90 to $2.10 previously.