US’ Macy’s reaffirms FY26 sales outlook, lowers profit forecast
Macy’s has reaffirmed its FY26 net sales forecast of $21–$21.4 billion but lowered its profit outlook. Q1 FY25 net sales fell 5.1 per cent YoY to $4.6 billion, while adjusted EPS reached $0.16. Bloomingdale’s and Bluemercury saw sales growth. Other revenue rose 26 per cent to $194 million. CEO Tony Spring expressed confidence in the strategy driving Macy’s return to profitable growth.
Macy’s has reaffirmed its FY26 net sales forecast of $21–$21.4 billion but lowered its profit outlook.
Q1 FY25 net sales fell 5.1 per cent YoY to $4.6 billion, while adjusted EPS reached $0.16.
Bloomingdale’s and Bluemercury saw sales growth.
Other revenue rose 26 per cent to $194 million.
CEO Tony Spring expressed confidence in the strategy driving Macy’s return to profitable growth.
