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Macy's

Macy's (M) Q4 2026 Earnings

Reported Mar 18, 2026 at 7:06 AM ET · SEC Source

Q4 26 EPS

$1.67

BEAT +6.85%

Est. $1.56

Q4 26 Revenue

$7.92B

BEAT +5.43%

Est. $7.51B

vs S&P Since Q4 26

+24.0%

BEATING MARKET

M +36.8% vs S&P +12.8%

Full Year 2026 Results

FY 26 EPS

$2.32

BEAT +5.29%

Est. $2.20

FY 26 Revenue

$22.62B

BEAT +4.57%

Est. $21.63B

Market Reaction

Did M Beat Earnings? Q4 2026 Results

Macy's closed out its fiscal fourth quarter with results that topped Wall Street expectations on both the top and bottom lines, offering a measure of reassurance to investors watching the department store retailer navigate a difficult consumer enviro… Read more Macy's closed out its fiscal fourth quarter with results that topped Wall Street expectations on both the top and bottom lines, offering a measure of reassurance to investors watching the department store retailer navigate a difficult consumer environment. The company posted adjusted diluted EPS of $1.67, beating the consensus estimate of $1.56 by 6.85%, while revenue of $7.92 billion came in 5.43% above the $7.51 billion Wall Street had anticipated, even as total revenue slipped 1.1% from a year ago largely due to planned store closures. The standout driver of the quarter was Bloomingdale's, where comparable sales surged 9.9%, offsetting more modest gains at the Macy's nameplate and helping all three banners post positive comparable sales growth. Credit card revenues also contributed, climbing 17.1% to $205.00 million. Looking ahead, Macy's guided fiscal 2026 adjusted EPS to a range of $1.90 to $2.10, reflecting tariff headwinds expected to weigh most heavily in the first quarter and ongoing investments in the expanded Reimagine 200 store initiative.

Key Takeaways

  • • Bloomingdale's comparable sales surged 9.9% in Q4, delivering its best holiday performance on record
  • • Comparable sales grew 1.8% across all nameplates in Q4
  • • Reimagine 125 store locations posted 0.9% comparable sales growth in Q4
  • • Credit card revenues increased 17.1% to $205 million, reflecting a healthy credit portfolio
  • • Macy's Media Network revenue grew 12.5% to $72 million
  • • Cost containment and end-to-end savings initiatives reduced SG&A by $23 million in Q4
  • • Store closures of non-go-forward Macy's locations contributed to net sales decline of 1.7%
24/7 Wall St

M YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

M Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 27

“As we wrap up year two of the Bold New Chapter, I'm pleased with the growth and progress we're making against our strategic priorities. At Macy's, we are offering more relevant brands, stronger storytelling and investing in our colleagues so we can better serve the customer. Bloomingdale's exceptional performance underscores its ability to elevate the customer experience and capture demand across premium contemporary to luxury businesses. Looking to 2026 and beyond, we are ready to build on our progress.”

— Tony Spring, Q4 2026 Earnings Press Release

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