Overview

• Adjusted EPS reached $0.41 versus $0.18 expected, with revenue of $4.81 billion topping estimates of about $4.76 billion.
• Comparable sales rose 1.9% on an owned-plus-licensed-plus-marketplace basis, the best performance in 12 quarters.
• Macy’s lifted its 2025 view to $21.15–$21.45 billion in sales and $1.70–$2.05 in adjusted EPS.
• Shares jumped roughly 15%–20% after the report, reflecting confidence in early progress under the Bold New Chapter plan.
• Bloomingdale’s comps climbed 5.7%, Bluemercury rose 1.2%, and Reimagine 125 locations posted roughly 1%–1.4% gains as gross margin fell 80 bps on markdowns and prior-tariff inventory, with management still cautious on tariffs, costs and ongoing store pruning.