Macy's beat earnings estimates in Q2 with same-store sales rising 2.7% for the fifth consecutive quarter, driven by strong performance at luxury subsidiary Bloomingdale's and success of its multi-year store transformation strategy. The company raised guidance and benefited from $116 million in tariff refunds from a struck-down Supreme Court ruling, though it plans to reinvest most proceeds back into operations.
Macy's reported strong second-quarter results with 2.7% comparable sales growth and raised full-year guidance, citing success from its reimagined stores and higher-end brands Bloomingdale's and Bluemercury. The retailer now projects net sales between $21.68–$21.83 billion and comparable sales growth of 1–1.5%, while investing $96 million in tariff refunds toward customer experience and its turnaround strategy.