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(Filed on June 4, 2026)
+2.1%
41.5%
$1.3B
Expanded Reimagine 200 store initiative to a cumulative 200 Macy's locations (75 new in Q1); these stores outperformed the rest of the Macy's fleet with +2.4% comparable sales. Company-wide comparable sales rose 3.0% (highest in four years, all nameplates and channels positive), and go-forward business revenue reached $4,776 million with +3.1% comps. Net sales grew 1.8% to $4,682 million (2.7% excluding 14 non-go-forward locations closed at end of fiscal 2025).
Bloomingdale's posted its highest first-quarter sales in its 154-year history with comparable sales up 10.2%, aided by introductions of Chloe ready-to-wear, Isabel Marant, Phoebe Philo, Parke Denim, Heirlome and Khaite Shoes. Bluemercury comparable sales grew 6.4%, driven by makeup, dermatological skincare and fragrances. At Macy's, the quarter saw introductions of Rothy's, Donna Karan Weekend and Ted Baker Men's, plus expanded distribution of Reiss, Free People, Theory and Rodd & Gunn.
Launched 'Ask Macy's,' a new AI-powered conversational shopping assistant; the company reported that initial results indicate customers engaging with the tool have higher conversion rates. The quarter also marked the third year of execution under the Bold New Chapter strategy, with the 'Simplify and Modernize' pillar expanding to incorporate enterprise-wide organizational excellence and AI initiatives.
Gross margin rate declined 30 basis points to 38.9% (from 39.2% a year earlier), which management attributed to an approximately 30-basis-point tariff impact; excluding that impact, gross margin was approximately flat year over year. SG&A was flat as a percentage of revenue at 39.9%, reflecting continued investment in Reimagine 200 and Bloomingdale's partially offset by cost containment.
Received $328 million in cash from settlement agreements resolving credit card interchange fee litigation matters in which the Company was a plaintiff, a key driver of the swing in operating cash flow from -$64 million in prior-year Q1 to +$292 million in the current quarter. Digital sales rose to 34% of net sales (from 33%), and capital expenditures of $177 million were directed primarily at digital/technology and omni-channel capabilities.
No material store closures were reported during the quarter; the $17 million impairment/restructuring line reflected a benefit from lease modifications (versus $7 million of store-closure costs in the prior-year quarter). The company repurchased approximately 2.6 million shares for ~$50 million, leaving $1,074 million of authorization remaining under its $2 billion program.
(Filed on March 27, 2026)
-1.1%
37.5%
$1.2B
(Annual context, FY2025) Macy's completed year two of its Bold New Chapter strategy, posting company-wide comparable sales of +1.5% (owned-plus-licensed-plus-marketplace), with Bloomingdale's at +7.4% (its highest in 14 quarters and best holiday on record) and Bluemercury at +1.6% (20th consecutive quarter of comp sales growth). Bloomingdale's introduced new brands during the year including Totem, Christian Louboutin, Victoria Beckham Beauty, Skims, Messika, and Vuori, with fragrance, women's contemporary, designer apparel, and fine jewelry as standout categories.
(Annual context, FY2025) The company opened a new 2.65-million-square-foot fulfillment and store replenishment center in China Grove, NC, incorporating automation, robotics, and AI to improve delivery accuracy and reduce costs. Store count declined to 665 from 680 (12 opened, 27 closed/consolidated/relocated). Digital sales rose to 35% of net sales from 33%. The Reimagine 125 initiative—overlaying First 50 store improvements to 75 additional locations—was completed in early February 2025, and those stores outperformed the rest of the Macy's fleet in FY2025.
(Q4, January 2026) Macy's recorded a $328 million net-of-legal-fees gain from settlement agreements resolving credit card interchange fee litigation in which it was a plaintiff; the full amount was carried as a receivable on the balance sheet at year-end.
(Annual context, FY2025) Gross margin rate fell 40 basis points to 38.0% from 38.4%, driven by tariff impact net of mitigation efforts. The U.S. Supreme Court struck down the reciprocal and fentanyl-trafficking tariffs on February 20, 2026; the President then imposed a 150-day 10% tariff with indication it may rise to 15%, which the company expects will further pressure gross margin and could lead to selective price increases.
(Annual context, FY2025) The company recorded $230 million in impairment, restructuring, and other costs ($160 million non-cash asset impairment primarily for ~150 non-go-forward store locations plus $47 million restructuring/severance), and repurchased 17.7 million shares at an average $14.21 for $251 million under its $2.0 billion buyback authorization ($1.1 billion remaining). Capital expenditures were $740 million, focused on digital/technology and omni-channel capabilities, with ~$800 million expected in FY2026.
(Annual context, FY2025) Credit card revenues rose 25% to $669 million (3.1% of net sales) on a strong portfolio, and Macy's Media Network grew 7% to $188 million, aided by an Amazon advertising partnership that began during the year. Net debt declined to $2,432 million from $2,773 million after the company issued $500 million of 7.375% senior notes due 2033 and redeemed/tendered approximately $587 million of existing notes; the ABL facility was reduced from $3.0 billion to $2.1 billion with maturity extended to April 2030.
(Filed on December 10, 2025)
+0.2%
41.9%
$447M
Q3 comparable sales turned positive across all nameplates: Macy's, Inc. comps rose 2.5% owned / 3.2% O+L+M (vs. -2.4% / -1.3% a year earlier). Bloomingdale's posted 8.8% owned / 9.0% O+L+M, its highest in 13 quarters, driven by ready-to-wear, men's, fine jewelry, shoes, and tabletop. Bluemercury grew 1.1%. The Reimagine 125 locations (expanded from 50 to 125 stores in February 2025) outperformed the broader Macy's fleet at 2.3% owned, and go-forward business comps were 2.7% owned / 3.4% O+L+M.
The company opened its new China Grove fulfillment and store replenishment center, incorporating automation, robotics, and AI into its delivery ecosystem. Management described the facility as a step to modernize the supply chain, increase delivery accuracy and timeliness, and reduce delivery costs.
Assortment and partnership expansions across all three nameplates: Macy's introduced Rodd & Gunn, Reiss, and Prada Beauty and expanded Barbour, Mackenzie Childs, and MFK; Bloomingdale's brought in Totême, TWP, Zimmermann, Victoria Beckham, Christian Louboutin, and Roger Vivier; and Bluemercury added Parfums de Marly, Byredo, and Sisley-Paris. Macy's also reported its highest-ever third-quarter net promoter score.
Gross margin declined 20 bps to 39.4% due to an approximate 50 bps tariff impact, partially offset by favorable inventory mix shift and customer response to newness. SG&A fell 1.9% to $2,024M (41.2% of total revenue, down 90 bps) as savings from 64 previously closed non-go-forward stores and cost containment were partially offset by continued investment in Reimagine 125 locations and Bloomingdale's.
Credit card revenues rose $38M to $158M (3.4% of net sales vs. 2.5% prior year) on a strong credit portfolio and active management of net credit loss. Core adjusted EBITDA increased to $273M from $207M a year earlier, and adjusted diluted EPS was $0.09 versus $0.04 in the prior-year quarter.
(Filed on September 10, 2026)
-1.9%
42.0%
$829M
Under its second-year 'A Bold New Chapter' strategy, Macy's expanded the Reimagine store program to 125 locations in early February 2025 (adding 75 stores to the initial 50); those locations outperformed the broader Macy's fleet in Q2 2025 on traffic, average order value, and net promoter score. Bloomingdale's posted record Q2 sales and NPS, and Bluemercury logged its 18th consecutive quarter of comparable sales growth. New vendor additions included abercrombie kids, with expanded distribution for Sam Edelman, Hugo Boss, and Good American.
Q2 2025 company-wide comparable sales turned positive at +0.8% owned (+1.9% O+L+M) versus -4.0% owned in Q2 2024; the go-forward business (excluding the 64 non-go-forward stores closed in fiscal 2024) was +1.1% owned (+2.2% O+L+M). Digital represented 31% of net sales, up from 29% a year earlier.
Gross margin declined 80 bps to 39.7% of net sales, attributed to proactive markdowns on remaining early-spring assortments and cost flow-through on product purchased under 145% U.S. tariffs on Chinese goods; the filing notes strategic price increases are expected across categories but the timing and extent of consumer absorption remain uncertain.
On July 29, 2025, Macy's completed a debt refinancing: issued $500M of 7.375% senior notes due 2033, completed a tender offer for $251M of existing notes, and redeemed $393M of senior notes/debentures (plus an irrevocable $194M redemption notice settled after quarter-end), recognizing a $13M extinguishment loss. The ABL credit facility was separately amended on April 9, 2025, reducing committed capacity from $3,000M to $2,100M while extending maturity to April 2030 and lowering letter-of-credit and unused-fee rates; no borrowings were outstanding at quarter-end.
H1 2025 capital expenditures totaled $343M (vs. $432M in H1 2024), directed primarily at digital, technology, and omni-channel capabilities; the company stated it is 'continuing to explore practical applications of artificial intelligence and machine-based learning' to drive operational efficiencies while simplifying its business model.
