Companies /Consumer Cyclical
Macy`s Inc
NYSE: M Department Stores
$22.67
▼ $0.12 (−0.53%) today
Markets closed · 3:21am ET

Macy's (M) Earnings History & Trends

EPS and revenue vs. Street estimates · SEC filings
100%
EPS beat rate
+89.91%
Avg. EPS surprise
Consecutive EPS beats
M vs Market · 30-day return after each reportMS&P 500
−18%−9%0%+9%−16.8%−2.4%Q3 24−17.9%−11.9%Q4 24−2.8%+5.1%Q1 25+11.9%+4.0%Q2 25+3.4%+1.2%Q3 25+12.5%+7.2%Q4 25+6.1%−0.9%Q1 26
−18%−9%0%+9%Q3 24Q1 25Q3 25Q1 26
M EPS Trend · estimate vs actualEstimateActual
$0.00$0.60$1.20$1.80$0.03$0.04Q3 24$1.54$1.80Q4 24$0.15$0.16Q1 25$0.19$0.41Q2 25$-0.13$0.09Q3 25$1.56$1.67Q4 25$0.03$0.13Q1 26$0.37$0.63Q2 26
$0.00$0.60$1.20$1.80Q3 24Q1 25Q3 25Q1 26
M Revenue Trend · estimate vs actualEstimateActual
$0$3.0B$6.0B$4.7B$4.9BQ3 24$7.8B$8.0BQ4 24$4.4B$4.8BQ1 25$4.7B$5.0BQ2 25$4.6B$4.9BQ3 25$7.5B$7.9BQ4 25$4.6B$4.9BQ1 26$4.8B$5.1BQ2 26
$0$3.0B$6.0BQ3 24Q1 25Q3 25Q1 26

How Often Does Macy's Beat Earnings Estimates?

Macy's beat EPS estimates in 8 of its last 8 reported quarters, and has beaten 11 quarters in a row.

M quarterly earnings per share and revenue versus Street estimates
Quarter EPS · est. Surprise Revenue · est. Surprise
Q2 2026 Adjusted EPS of $0.63 includes a $0.23 net tariff refund benefit ($0.31 gross tariff refund less $0.08 tax impact, with reinvestment offsets). Excluding net tariff refund benefit, adjusted EPS would have been $0.40. $0.63 est. $0.37 +71.24% $5.1B est. $4.8B +5.28%
Q1 2026 $0.13 est. $0.03 +359.36% $4.9B est. $4.6B +6.06%
Q4 2025 GAAP EPS of $1.84 includes $328 million pre-tax income from credit card interchange fee litigation settlement (net of legal fees), $196 million impairment/restructuring costs, $67 million pension settlement charges, and $16 million net tax impact of adjustments $1.67 est. $1.56 +6.85% $7.9B est. $7.5B +5.43%
Q3 2025 Excludes $4 million in impairment, restructuring and other costs ($0.01/share), $16 million loss on extinguishment of debt ($0.06/share), and $(5) million income tax impact of these items ($-0.02/share) $0.09 est. $-0.13 +168.18% $4.9B est. $4.6B +7.78%
Q2 2025 GAAP EPS of $0.31 includes $22 million in impairment, restructuring and other costs ($0.08/share) and $13 million loss on extinguishment of debt ($0.05/share), partially offset by $9 million tax benefit ($0.03/share) $0.41 est. $0.19 +119.72% $5.0B est. $4.7B +6.31%
Q1 2025 $0.16 est. $0.15 +6.60% $4.8B est. $4.4B +8.26%
Q4 2024 GAAP EPS of $1.21 includes $175 million of impairment, restructuring and other costs and $46 million of settlement charges (net tax benefit of $56 million on these items) $1.80 est. $1.54 +16.68% $8.0B est. $7.8B +3.24%
Q3 2024 Adjusted diluted EPS of $0.04 excludes $23 million impairment, restructuring and other benefits, $1 million loss on early retirement of debt, and includes a $0.04 adjustment related to delivery expense misstatement correction ($13 million, of which $9 million relates to first half of 2024) $0.04 est. $0.03 +58.73% $4.9B est. $4.7B +3.91%
Q2 2024 $0.53 est. $0.30 +76.67% $5.1B est. $5.1B −0.44%
Q1 2024 GAAP EPS of $0.22 includes $19 million in impairment, restructuring and other costs ($0.07 pre-tax, $0.05 after-tax impact per share) $0.27 est. $0.15 +80.00% $5.0B est. $4.9B +2.85%
Q4 2023 GAAP diluted loss per share of $(0.26) included $1.0 billion of impairment, restructuring and other costs (roughly $950 million non-cash asset impairment for ~150 planned store closures) and $5 million in settlement charges. $2.45 est. $1.96 +25.00% $8.1B est. $8.2B −0.41%

Figures from SEC filings and company reports. Not investment advice.