Macy's, Inc. — Form 8-K
Filed September 10, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Macy's reported Q2 2026 net sales of $4.9B (+1.1% YoY) with comparable sales growth of 2.7%, led by Bloomingdale's (+11.3%) and Reimagine 200 stores (+1.9%). Adjusted EPS was $0.63, up 14% excluding a $0.23/share net tariff refund benefit (total $116M in tariff refunds received). The company raised FY2026 guidance: net sales to $21.675B–$21.825B (from $21.5B–$21.75B), comparable sales to +1.0%–+1.5% (from +0.5%–+1.2%), and adjusted EPS to $2.15–$2.35 (from $2.00–$2.20), reinvesting ~$96M of tariff refunds while returning $51M to shareholders via dividend and $50M via 2.2M share repurchases in the quarter.
Why this rating
Strong operational execution with guidance raise supports trajectory; tariff refunds ($116M ~3.5% of market cap) are one-time boost, not sustainable. Relative to $3.3B company, meaningful but not transformational.
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