Macy's, Inc. (M) Earnings Call Transcripts

Macy's, Inc.'s Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal 2026, Macy's, Inc. reported a strong performance, with net sales of $4.7 billion, exceeding guidance of $4.575 billion to $4.625 billion. The company achieved a notable 3% growth in comparable sales, marking its best first quarter in four years. Adjusted EPS of $0.13 was significantly above the high end of guidance, reflecting effective expense management and robust sales. Management raised full-year guidance, anticipating net sales of approximately $21.5 billion to $21.75 billion, driven by continued momentum in their Bold New Chapter strategy.

Reported metrics

Guidance from management

Management raised full-year guidance to net sales of approximately $21.5 billion to $21.75 billion, with comparable sales expected to grow 0.5% to 1.2%. Second quarter guidance includes net sales of approximately $4.75 billion to $4.8 billion and adjusted EPS of $0.29 to $0.34.

What management said

Thanks so much, Tom. We're now in the third year of our Bold New Chapter. And while there's still more work to be done, our strategy is delivering results. Initiatives are continuing to gain traction across all 3 pillars. We have returned to top line growth while continuing to provide value to shareholders through our dividend and stock buyback programs. As we look ahead, our strong balance sheet and cash flow genera...

Thanks, Tony. The guide for the back half of the year, Blake, we're really pleased to have raised our overall guidance for the year on comp sales, really reflecting the Q1 overdelivery as well as additional sales through the rest of the year, which includes the back half. So as we're around a flat implied comp for that it's really benchmarked against stack comps. But what it means is our Bold New Chapter is going to ...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of comparable sales growth into the second half of the year, particularly in light of macroeconomic factors. Additionally, there were questions about the impact of rising fuel costs and tariffs on profitability moving forward.

Main topics on the call

• Strong Comparable Sales Growth — Macy's reported a 3% increase in comparable sales, surpassing guidance of 0.5% to 1.5%. This growth was driven by positive performance across all nameplates, with Bloomingdale's achieving a remarkable 10.2% comp growth. ...
• Improved Earnings Performance — Adjusted EPS reached $0.13, significantly above the guidance range of a loss of $0.01 to a gain of $0.01. CFO Tom Edwards highlighted that this was driven by stronger sales and effective expense management, stating, "Our...
• Digital and Reimagine Store Initiatives — Macy's digital sales and Reimagine stores contributed positively to overall performance, with Reimagine locations growing 2.4%. The company is expanding this initiative to 200 locations, which now account for nearly 60% ...
• Guidance Raised for Full Year — Management raised full-year guidance, now expecting net sales of $21.5 billion to $21.75 billion, reflecting better-than-expected first quarter results. The updated guidance incorporates modest sales increases for the re...

Read the full Macy's, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 55 Macy's, Inc. earnings call transcripts on record, spanning February 5, 2020 to June 3, 2026. Based on this history, Macy's, Inc. reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

M

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Broadline Retail

Calls on record

55

First call

February 5, 2020

Most recent

June 3, 2026

Reporting cadence

quarterly