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Macy’s Q1 2026 Results: Best Comp Sales in 4 Years, Guidance Raised

Macy's Q1 2026 results reveal a positive outlook for the future, with guidance raised and a strong focus on maintaining growth momentum across its portfolio of brands.

Published: Jun 5, 2026 3:01 PM Updated: Jun 8, 2026 12:32 AM

By Jeanel Alvarado

BusinessNews

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BusinessNews

Macy’s Q1 2026 Results: Best Comp Sales in 4 Years, Guidance Raised

Macy’s Q1 2026 results, reported on June 3, 2026 for the quarter ended May 2, 2026, showed net sales of $4.68 billion, up 1.8% year over year and above the company’s own guidance range of $4.575 billion to $4.625 billion. Comparable sales grew 3.0%, the strongest first-quarter comp performance in four years, against guidance of 0.5% to 1.5% and a negative 2% comp in the prior-year period. The results mark the fifth consecutive quarter of exceeding expectations for Macy’s Inc.

The Macy’s Q1 2026 results were strongest at the luxury end. Bloomingdale’s posted comparable sales growth of 10.2%, marking its seventh consecutive quarter of gains and its highest first-quarter sales volume in brand history.

CEO Tony Spring told CNBC that Bloomingdale’s benefited from strong brand curation, a “fun factor” unique in the luxury market, and the recent bankruptcy of rival Saks Fifth Avenue. Bluemercury comparable sales rose 6.4%, with strength in makeup, dermatological skin care, and fragrances.

Macy’s nameplate comparable sales rose 1.6%, with the Reimagine 200 upgraded stores posting 2.4% comp growth.

Macy’s Q1 2026 Results: The Numbers Metric Q1 FY2026 Q1 FY2025 Net Sales $4.68B $4.60B Net Sales Growth +1.8% Prior year Comparable Sales (total) +3.0% -2.0% Go-forward Comp Sales +3.1% Prior year Bloomingdale’s Comp Sales +10.2% Prior year Bluemercury Comp Sales +6.4% Prior year Macy’s nameplate Comp +1.6% Prior year Net Income $63M $38M Adjusted Diluted EPS $0.13 Prior year Adjusted EBITDA $290M (5.9% margin) $304M Credit Card Revenue $172M (+12%) Prior year Cash and Equivalents $1.29B $932M Inventory +3.6% YoY Prior year Source: Macy’s Inc…

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