Macy’s, Inc. reported financial results for the 13 weeks ended August 1, 2026, and updated its fiscal year 2026 guidance. The company announced that comparable sales increased 2.7% for the quarter, marking the fifth consecutive quarter of growth.
Net sales for the second quarter reached $4.9 billion, a 1.1% increase compared to the prior year. The company noted that net sales grew 1.9% excluding the impact of fiscal 2025 store closures. Comparable sales were positive across all nameplates, with Bloomingdale’s achieving its highest second-quarter sales volume in its history and reporting double-digit growth of 11.3%. Bluemercury comparable sales increased 6.2%, while Macy’s comparable sales grew 1.1%.
GAAP diluted earnings per share (EPS) were $0.62, up 100% from the prior year. Adjusted diluted EPS was $0.63, an increase of 14% compared to last year, excluding a $0.23 net tariff refund benefit. Adjusted EBITDA was $457 million, or 9.0% of total revenue.
In terms of balance sheet and liquidity, Macy’s ended the second quarter with $1.3 billion in cash and cash equivalents, compared to $0.8 billion last year. The company reported total debt of $2.4 billion and $2.0 billion of available borrowing capacity under its asset-based credit facility. Merchandise inventories increased 2.5% year-over-year.
The company declared a regular quarterly dividend of 19.15 cents per share on its common stock, payable on October 1, 2026. During the second quarter, the company repurchased 2.2 million shares for $50 million.
Macy’s raised its full-year fiscal 2026 guidance, which includes net sales, comparable sales, adjusted EBITDA, and adjusted diluted EPS. The company expects net sales between $21.675 billion and $21.825 billion, comparable sales growth of 1.0% to 1.5%, adjusted diluted EPS of $2.15 to $2.35, and adjusted EBITDA as a percent of total revenue of 7.8% to 8.0%.
