Macy’s, Inc. reported a 1.1% year-over-year increase in net sales, reaching $4.9 billion for the period. Comparable sales grew by 2.7% across the company’s brands, which include Macy’s, Bloomingdale’s, and Bluemercury.
During the second quarter, the company increased its average unit retail (AUR) by 9%. CFO Tom Edwards attributed this growth to a refined product assortment, the addition of new brands, and improvements in the omnichannel experience.
The retailer received a total of $116 million in tariff refunds, consisting of $98 million in the second quarter and $18 million after the quarter ended. Management plans to allocate $20 million to the bottom line, while the remainder will fund brand building, store pilots, and fuel cost mitigation.
Following these results, Macy’s raised its full-year 2026 guidance. The company now expects net sales between $21.675 billion and $21.825 billion, compared to the previous forecast of $21.5 billion to $21.75 billion. The outlook for comparable sales was also increased to a range of 1% to 1.5%.
