Macy’s beats earnings estimates, raises 2026 guidance despite sales decline.

Macy’s reported better-than-expected fourth-quarter results, with adjusted earnings of $1.67 per share, beating forecasts, as Bloomingdale’s posted record holiday sales and comparable sales rose 1.8% across all brands. Despite a 1.7% decline in net sales due to store closures, the company raised its 2026 guidance for sales to $21.4–21.65 billion and earnings to $1.90–2.10 per share, citing ongoing tariff impacts and macroeconomic risks. The National Retail Federation forecasts a 4.4% rise in 2026 retail sales, driven by consumer resilience from strong wages and employment, though geopolitical tensions and energy prices pose risks.