Macy's Inc

M: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Macy's Earnings: Continuing Improvement Despite Some Near-Term Uncertainty; Shares Undervalued

David Swartz

Sep 10, 2026

For the second quarter, Macy's posted 2.7% comparable sales growth on increases of 1.1% at its eponymous concept, 11.3% at Bloomingdale's, and 6.2% at Bluemercury. Excluding a tariff refund, adjusted earnings per share rose to $0.40 from $0.35 on sales growth and operating cost leverage.

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Macy's Inc

Macy's Earnings: Continuing Improvement Despite Some Near-Term Uncertainty; Shares Undervalued

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