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Macy's, Inc. (NYSE:M) continued to make progress with its turnaround strategy in the second quarter of 2026, which allowed the company to also raise its guidance. On September 10, the company reported its Q2 results, with comparable sales and adjusted earnings both coming in ahead of Wall Street expectations.
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In Q2 2026, Macy's, Inc.'s (NYSE:M) comparable sales increased 2.7%, marking the fifth consecutive quarter of growth. This increase was much higher than Wall Street's expectation of 0.8% growth, as per S&P Global Market Intelligence data.
The company also exceeded estimates on both the top and bottom lines. Adjusted earnings came in at $0.63 per share, compared with the Street's estimate of $0.37 per share. However, the earnings beat was partly driven by a $0.23 per share benefit from tariff refunds, net of reinvestment. Net sales reached $4.9 billion, ahead of analysts' expectations of $4.8 billion.
