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Macy's Inc
XMUN:FDO

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Macy's Inc
XMUN:FDO
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Price: 19.138 EUR -0.1% Market Closed
Market Cap: €8B

Macy's Inc
Investor Relations

Macy’s is a U.S. department store company that sells clothing, shoes, cosmetics, jewelry, home goods, and gifts through Macy’s, Bloomingdale’s, and Bluemercury. It serves everyday shoppers as well as customers looking for higher-end fashion and beauty products. The company sells both national brands and its own private-label merchandise, which lets it control part of the product mix and pricing. Most of Macy’s money comes from retail sales in its stores and on its websites. It makes a sale each time a customer buys merchandise, and it also earns from related services tied to shopping, such as beauty and specialty retail experiences. The business depends on sourcing products from brands and suppliers, then presenting and selling them through a mix of physical stores and e-commerce. What makes Macy’s different is its role as a large middleman between brands and consumers. It does not make most of the goods it sells; instead, it curates a broad assortment and uses its store network, online channels, and brand names to reach different types of shoppers. That mix of mass-market and upscale retail gives it a place in the middle of the clothing, beauty, and home-goods value chain.

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Last Earnings Call
Fiscal Period
Q2 2027
Call Date
Sep 10, 2026
AI Summary
Q2 2027

Strong quarter: Macy's, Inc. reported 2.7% comparable sales growth, with net sales, adjusted EBITDA and adjusted diluted EPS all exceeding guidance.

Brand momentum: Bloomingdale's delivered 11.3% comparable sales growth, Macy's posted its fifth consecutive quarter of positive comps, and Bluemercury grew 6.2%.

Guidance raised: Full-year net sales guidance increased to $21.675 billion-$21.825 billion and adjusted diluted EPS guidance increased to $2.15-$2.35.

Tariff refunds: Macy's received $116 million in refunds, flowing approximately $20 million, or $0.05 per share, to earnings and reinvesting the balance in pricing, marketing and Reimagine initiatives.

Margin outlook: Gross margin benefited from favorable brand mix and lower-than-expected tariff and fuel pressure, while supply-chain savings are expected to support gross margin in the second half.

Consumer trends: Middle- and higher-income customers remained resilient, while lower-income shoppers were more selective; traffic was steady but conversion remained a challenge as assortments moved toward higher-priced products.

Strategic investment: Management plans to expand Reimagine pilots, AI-powered shopping tools and brand partnerships, with the long-term goal of applying Reimagine across the go-forward Macy's fleet.

Key Financials
Net sales
$4.9 billion
Total revenue
$5.1 billion
Comparable sales
2.7%
Go-forward comparable sales
2.8%
Macy's comparable sales
1.1%
Reimagine store comparable sales
1.9%
Bloomingdale's comparable sales
11.3%
Bluemercury comparable sales
6.2%
Adjusted diluted EPS
$0.63
Gross margin
41.5%
Underlying gross margin
approximately 10 basis points higher than last year
SG&A rate
38.7%
Adjusted EBITDA
$457 million
Operating cash flow
$586 million
Free cash flow
$262 million
Inventory
up 2.5%
Cash balance
$1.3 billion
Tariff refunds
$116 million
Third-quarter net sales guidance
$4.65 billion-$4.7 billion
Third-quarter comparable sales guidance
down 0.5% to up 0.5%
Third-quarter adjusted EBITDA margin guidance
3.7%-4.0% of total revenue
Third-quarter adjusted diluted EPS guidance
loss of $0.19-$0.23
Full-year net sales guidance
$21.675 billion-$21.825 billion
Full-year comparable sales guidance
up 1.0% to up 1.5%
Full-year other revenue guidance
$920 million
Full-year gross margin guidance
38.5%-38.7% of net sales
Full-year SG&A guidance
up 1.5%-2.25% on a dollar basis
Full-year adjusted EBITDA margin guidance
7.8%-8.0% of total revenue
Full-year interest expense guidance
approximately $90 million
Full-year adjusted diluted EPS guidance
$2.15-$2.35
Combined tariff and fuel gross margin impact
5-15 basis points net headwind for the full year
Share repurchases
$100 million in the first half
Dividends
$101 million in the first half
Other Earnings Calls

Management

Mr. Antony Spring
CEO & Chairman
No Bio Available
Mr. Adrian V. Mitchell
Executive VP, COO & CFO
No Bio Available
Ms. Tracy M. Preston Esq.
Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Danielle L. Kirgan
Executive VP, Chief HR & Corporate Affairs Officer
No Bio Available
Mr. Keith Credendino
Chief Information Officer
No Bio Available
Ms. Pamela Nagler Quintiliano
Head of Investor Relations
No Bio Available
Ms. Sharon Otterman
Chief Marketing Officer
No Bio Available
Ms. Felicia Williams
Chief Executive Officer of Action for Racial Equity
No Bio Available
Mr. Mike Dervos
Senior VP & Regional Director of Chicago, Minneapolis & Detroit
No Bio Available
Ms. Shawn Outler
Chief Diversity, Equity and Inclusion (DEI) Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
151 West 34Th Street
Contacts
+13023513367
www.macysinc.com