It’s not over yet, Macy’s shares rise in pre-market trade on earnings beat, raised financial outlook

Macy’s Inc shares rose in premarket trading on Wednesday after the U.S. department store operator posted first-quarter profit and sales that beat analyst estimates and raised its full-year forecast, as its store overhaul strategy showed signs of gaining traction.

Macy’s reported adjusted earnings per share of $0.13 for the quarter ended May 2026, beating the analyst estimate of $0.03 by $0.10. Net sales rose 1.8% to $4.70 billion, topping the consensus estimate of $4.61 billion.

“We’re off to a strong start to the year, exceeding expectations for the fifth consecutive quarter as our Bold New Chapter strategy continues to build momentum,” chairman and chief executive Tony Spring said in a statement.

Comparable sales across the company’s three nameplates, Macy’s, Bloomingdale’s and Bluemercury, rose 3%, the strongest first-quarter performance in four years.

Bloomingdale’s led the group with a 10.2% comparable sales increase, its seventh consecutive quarter of gains and a record first-quarter result for the nameplate. Bluemercury posted a 6.4%