Macy's Raises Annual Outlook on Second-Quarter Momentum
Dow Jones
Sep 10
Macy's raised its full-year 2026 guidance after second-quarter net sales reached $4.9 billion, up 1.1% from a year earlier. The retailer now expects annual net sales between $21.675 billion and $21.825 billion, up from its prior projection of $21.5 billion to $21.75 billion. Full-year adjusted diluted EPS guidance rose to $2.15 to $2.35 from $2.00 to $2.20. The updated outlook incorporates tariff refund reinvestments and continued spending on Reimagine 200 stores. Management said guidance maintains flexibility for potential macroeconomic and geopolitical headwinds affecting discretionary spending.
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