New York City — Macy’s, Inc. has reported financial results for the second quarter 2026. Overall, the company delivered 2.7% comparable sales growth, exceeding expectations across all key metrics; Macy’s comparable sales rose for the fifth consecutive quarter, led by Reimagine 200 stores; and Bloomingdale’s delivered second consecutive quarter of double-digit comparable sales growth and its highest second-quarter sales volume.
“Our second-quarter performance builds on the progress our colleagues have consistently delivered through our Bold New Chapter strategy,” says Tony Spring, chairman and chief executive officer of Macy’s, Inc. “The investments we’re making are driving results across our portfolio, from the continued outperformance of our Reimagine 200 Macy’s stores to meaningful double-digit growth at Bloomingdale’s and another solid quarter at Bluemercury. As we enter the second half of the year, we remain focused on scaling what is resonating most with customers — exciting brands and assortments and compelling events and experiences. Combined with disciplined execution, we expect these efforts to continue to build a durable foundation for sustainable, profitable growth.”
All Macy’s, Inc. nameplates saw continued growth, with its luxury brands (Bloomingdale’s, in particular) seeing the biggest rise. Bloomingdale’s comparable sales grew 11.3%, and Bluemercury comparable sales increased 6.2%. Macy’s comparable sales grew 1.1%, while its Reimagine 200 locations saw comparable sales rise 1.9%.
Reimagine 200 refers to roughly half of Macy’s store fleet that recently underwent significant renovations to reverse declining sales. Remodeling these 200 namesake department stores has been part of the retailer’s ongoing turnaround strategy.
Macy’s, Inc. also received $116 million in tariff refunds. The company plans to send $20 million to its bottom line and reinvest the remainder in 2026 store initiatives, brand building and expanding its 2027 store pipeline.
Additionally, merchandise inventories increased 2.5% year-over-year. The company believes the composition and level of inventories are well-positioned heading into the second half of 2026.
The company ended the second quarter of 2026 with cash and cash equivalents of $1.3 billion versus $0.8 billion last year and had $2.0 billion of available borrowing capacity under its asset-based credit facility.
As of the end of the second quarter of 2026, total debt was $2.4 billion. The company has no material long term debt maturities until 2030.
Macy’s plans continued investments in its Reimagine 200 locations and luxury nameplates to support long term top-line growth. The full outlook for 2026, including the third quarter of 2026, can be found at www.macysinc.com/investors.
Macy’s, Inc. is headquartered in New York City. For more information, visit www.macysinc.com.
SOURCE: Macy’s, Inc.