Macy’s Inc. (NYSE: M) shares surged more than 6% intra-day Wednesday after the retailer reported fourth-quarter results that exceeded expectations and issued revenue guidance above analyst forecasts, despite ongoing concerns related to tariffs.
The company posted adjusted earnings per share of $1.67, beating the analyst consensus estimate of $1.56. Revenue reached $7.6 billion, exceeding the $7.46 billion estimate, although it declined 1.7% year over year.
Comparable sales rose 1.8% in the quarter, supported by strength across all brand segments. Bloomingdale’s delivered its strongest holiday performance on record, with comparable sales increasing 9.9%.
For fiscal 2026, Macy’s projected revenue between $21.4 billion and $21.65 billion, with the midpoint of $21.53 billion exceeding the analyst consensus estimate of $21.11 billion.
However, adjusted earnings per share guidance of $1.90 to $2.10, with a midpoint of $2.00, fell below the consensus estimate of $2.21.
For the full fiscal year 2025, Macy’s reported adjusted EPS of $2.32, exceeding its prior guidance range of $2.00 to $2.20. Comparable sales increased 1.5% for the year, marking a return to positive growth. The company’s go-forward business, excluding locations slated for closure, recorded comparable sales growth of 1.7%.
