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Macy's Q2 Earnings Beat, Yet Valuation Remains Elevated

By Stocks Desk · 2026-09-10 · Updated 2026-09-10 15:11 UTC
A large department store facade with glass windows and a sidewalk
Illustration: Tradingbird

Macy's fourth consecutive quarterly beat was bolstered by significant growth at its premium nameplates, prompting the retailer to lift its full-year earnings outlook despite a $0.23 tariff refund benefit included in the current quarter's results.

  • According to GN markets/earnings (en-US), Macy's has raised its full-year adjusted EPS guidance to a range of $2.15-$2.35, driven by strong performance at Bloomingdale's and Bluemercury, which posted comparable sales gains of 11.3% and 6.2% respectively.

    Source: GN markets/earnings (en-US)

  • New details from GN markets/earnings (en-US) clarify that Macy's beat Zacks consensus estimates by 8.11% for the quarter, marking the fourth consecutive beat on both earnings and revenue. The report notes the stock currently holds a Zacks Rank #2 (Buy), though it has lagged the S&P 500 by roughly 14 points year-to-date.

    Source: GN markets/earnings (en-US)

  • Macy's reported second-quarter adjusted earnings per share of $0.63, up from $0.35 a year earlier, as comparable sales grew 2.7% and gross margins expanded by 180 basis points.

    Source: GN stocks/earnings-beat
Based on reporting by GN stocks/earnings-beat, GN markets/earnings (en-US) and GN markets/earnings (en-US), compiled by the Tradingbird desk.

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