Q1 2026 Macy's Inc Earnings Call Transcript
Key Points
- Macy's Inc (M) reported its strongest first quarter comparable sales growth in four years, with a 3% increase.
- Bloomingdale's achieved a 10.2% increase in comparable sales, marking its highest first quarter sales in its 154-year history.
- The reimagined Macy's locations grew 2.4% in comparable sales, contributing to the overall positive performance.
- Macy's Inc (M) exceeded its guidance for net sales, comparable sales, adjusted EBITDA, and adjusted diluted EPS.
- The company introduced several new brands and expanded existing ones, enhancing its product assortment and fashion authority.
- Macy's Inc (M) experienced softness in big-ticket home items, particularly furniture, and in its plus-size business.
- The company faces ongoing macroeconomic and geopolitical uncertainties that could impact future performance.
- Higher fuel costs are expected to be a headwind, potentially impacting the company's financial performance.
- Macy's Media Network revenue was down 5% year-over-year due to the timing of advertising spend.
- The promotional environment remains competitive, requiring careful management to maintain margins.
Greetings and welcome to the Macy's Inc. First Quarter 2026 Earnings Call. At this time, all participants are on a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press *0 on your telephone keypad. As a reminder, this conference is being recorded.
I would now like to turn the. Over to Pamela Quintiliano, VP of Investor Relations. Pamela, please go ahead.
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Thank you, operator. Good morning, everyone, and thanks for joining us.
With me on the call today are Tony Spring, our Chairman and CEO and Tom Edwards, our COO and CFO.
Along with our first quarter 2026 press release, a Form 8-K has been filed with the Securities and Exchange Commission, and a presentation has been posted on the investor section of our website, macysinc.com, and is being displayed live during today's webcast.
Unless otherwise noted, the
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