Full-Time
Retail fashion and home goods retailer
$18.15 - $29.44/hr
Santa Maria, CA, USA
In Person
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Macy's sells fashion and home goods through its large network of department stores and macys.com. It sources products from suppliers and earns revenue by marking up purchases and by operating a branded credit card, promotions, and loyalty programs. Its shopping experience includes free shipping on qualifying orders and fast, free in-store pickup, supported by data-sharing for secure processing and logistics. The company differentiates itself with a broad mix of price points and brands across dual channels, aiming to reach a wide audience, drive sales, and build customer loyalty.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1858
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Macy's reported its fifth consecutive quarter of comparable sales growth, with comps rising 2.7% in Q2 2026. Net sales grew 1.1% to $4.9 billion, whilst total revenue increased 1.2% to $5.1 billion. Bloomingdale's achieved its highest second-quarter sales volume in 154 years, with comps up 11.3%. Bluemercury comps rose 6.2%. Adjusted earnings per share reached $0.63, compared to $0.35 in the prior year. Operating cash flow improved to $586 million from $255 million, whilst free cash flow swung to an inflow of $262 million from an outflow of $88 million. The company returned $201 million to shareholders through dividends and buybacks. Macy's raised its full-year guidance, projecting net sales of $21.675-$21.825 billion and adjusted EPS of $2.15-$2.35.
Macy's plans to reinvest $96 million from a tariff refund into price cuts, marketing, staffing, and offsetting fuel costs, CEO Tony Spring told The Wall Street Journal. The retailer will reduce prices on furniture and jewellery, categories hit hard by tariffs and rising costs. Spring said furniture sales suffered when tariffs pushed prices up significantly. After lowering prices in Q2, the category showed marked improvement. The announcement followed Macy's second-quarter results showing net sales of $4.9 billion, up 1.1% year-over-year, and adjusted earnings per share of $0.63. The company raised its FY26 guidance across sales, comparable sales, adjusted EPS, and EBITDA margin. Macy's shares fell around 4% on Thursday despite the positive results.
Macy's raised its full-year guidance following strong second-quarter performance, driven by its "Reimagined 200" stores, which outperformed the broader fleet by 80 basis points. Bloomingdale's achieved its highest second-quarter sales in 154 years. The retailer received $116 million in tariff refunds. It will flow $20 million to the bottom line whilst reinvesting the remainder in brand building and accelerating its 2027 store expansion pipeline. Management attributed a 9% increase in Average Unit Retail to shifting towards "fashion authority" positioning, prioritising premium brand tiers. The company also realised operational efficiency gains through AI-powered replenishment tools and supply chain enhancements. Gross margin guidance now assumes a 5 to 15 basis point headwind from tariffs and fuel costs, improved from the previously expected 20 to 30 basis points.
Macy's shares fell 3.3% in premarket trading despite beating second-quarter estimates, as weak full-year revenue guidance disappointed investors. The department store reported adjusted earnings per share of $0.63, surpassing the $0.35 consensus by $0.28. Revenue reached $4.9 billion, beating the $4.78 billion estimate. Comparable sales rose 2.7%, with Bloomingdale's surging 11.3% and Bluemercury up 6.2%. However, full-year revenue guidance of $21.68 billion to $21.83 billion fell short of the $21.82 billion consensus. The adjusted EPS included a $0.23 net tariff refund benefit. Excluding this, adjusted EPS would have been $0.40. Gross margin expanded 180 basis points to 41.5%, though 180 basis points came from tariff refunds.
Macy's shares fell 5% to $20.45 despite beating fiscal second-quarter expectations and raising its full-year outlook. The retailer posted adjusted earnings per share of $0.63, nearly double the $0.36 consensus estimate, whilst revenue of $5.06 billion surpassed the $4.80 billion Street forecast. The selloff appears company-specific, as peers Kohl's and TJX showed minimal movement. Investors focused on the composition of Macy's raised guidance, which includes a 5-cent per-share benefit from $116 million in tariff refunds. Comparable sales rose 2.7% across Macy's three nameplates, marking the fifth consecutive quarter of positive comps. Bloomingdale's led with 11.3% comparable sales growth, whilst Bluemercury posted 6.2% gains. Gross margin expanded 180 basis points to 41.5%, aided by tariff repayments.