Macy's Q4 Earnings Beat Estimates at $7.6B Sales

Macy's Inc. reported stronger-than-expected fourth-quarter earnings on Wednesday, with net sales of $7.6 billion and comparable sales up 1.8 percent, helping to lift the company's shares by nearly 5 percent in trading. The results, for the period ended January 31, 2026, marked a return to annual comparable sales growth for fiscal 2025, which rose 1.5 percent overall, as the retailer advanced its multi-year turnaround efforts amid a challenging retail environment.

The performance exceeded analyst estimates, with adjusted earnings per share of $1.67 surpassing forecasts of $1.55. Net sales for the quarter declined 1.7 percent from the prior year, largely due to the closure of 64 stores late in fiscal 2024, which the company said cost it about $200 million in fourth-quarter revenue. On a go-forward basis, excluding those closures, comparable sales increased 2 percent. The company generated $1.4 billion in operating cash flow for fiscal 2025 and returned $448 million to shareholders through dividends and buybacks.

Bloomingdale's led the gains, with comparable sales surging 9.9 percent, its strongest holiday performance on record. Executives attributed the upscale division's success...