• For the first quarter, Macy’s total revenue came in at $4.89 billion and adjusted earnings per share were $0.13, both ahead of estimates.
• Comparable sales growth came in at 3% during the quarter, reversing from negative 2% last year.
• For the full year, the company guided net sales in the $21.5 to $21.75 billion range, up from $21.4 to $21.65 billion.

Shares of Macy’s Inc. (M) are in focus on Wednesday after the company reported a top- and bottom-line beat for the first quarter, driven by an uptick in shopping activity at its department stores and its reimagined operating strategy.

The company also raised its outlook for the full year. At the time of writing, M stock was up nearly 3% premarket and was among the top ten trending tickers on Stocktwits.

Unfazed By Tariffs

Even though Macy’s flagged that the first half of the year would see a larger tariff impact, it raised its 2026 forecast, further signaling a strong demand environment for the retailer.

“We are benefiting from the optimization of our merchandise strategy. We've made strides in modernizing our assortments and improving curation,” CEO Tony Spring said during the earnings call. “The Macy’s Inc. customer, who is predominantly middle- to upper-income, remained resilient in the first quarter.”

Q1 Results At A Glance

For the first quarter (Q1), Macy’s total revenue came in at $4.89 billion, ahead of the $4.61 billion consensus estimate polled by Fiscal AI, and adjusted earnings per share (EPS) were $0.13, ahead of the $0.03 estimate. Comparable sales growth was 3%, reversing from negative 2% last year, marking its fourth consecutive quarter of comparable sales gains.

For the full year, the company now guided net sales to the $21.5 to $21.75 billion range, up from $21.4 to $21.65 billion, and ahead of the $21.59 billion estimate at the midpoint of the range. The adjusted EPS outlook was raised to $2.00 to $2.20 from $1.90 to $2.10, matching the estimate at the midpoint of the range.

“From an organizational point of view, we are leveraging AI, including evaluating several inventory forecasting and management initiatives to further improve our ability to meet customer needs… I'm cautiously optimistic about our ability to continue to drive our performance.”

What Do Retail Traders Think About M?

On Stocktwits, retail sentiment about M turned ‘bullish’ from ‘bearish’ amid ‘high’ message volumes over the last 24 hours. One user on the platform said the company’s turnaround is continuing to show progress.

M stock is down more than 1% so far this year, but has nearly doubled in value over the last 12 months.

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