Stocks · News reference
Macy’s Braces for Its Toughest Sales Comparison of the Year
Macy's (NYSE: M) beats Q2 estimates with $4.87B sales, but shares drop on soft Q3 earnings guidance. Read the market breakdown.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
One Year After $55M Acquisition, Galway Companies Adds New Tenants, Advances Major Reinvestment at The Promenade Shops Centerra
Galway Companies has signed nine new retail leases totaling 37,643 square feet at The Promenade Shops Centerra in Loveland, Colorado, one year after acquiring the 494,500-square-foot shopping center for $55 million. The company is executing a multimillion-dollar property-wide reinvestment including storefront renovations, a redesigned ice rink, and enhanced community programming. New tenants include MINISO, JD Sports, Hot Topic, and others, capitalizing on strong market fundamentals with Northern Colorado's retail vacancy rate at 3.1% and the center generating 3.8 million annual visits.
This Questionable Berkshire Hathaway Holding Actually Makes Sense
Berkshire Hathaway's investment in Macy's may appear questionable given the retail apocalypse, but the department store chain is showing signs of stabilization. With five consecutive quarters of comparable sales growth (2.7% last quarter), improving guidance, and a low P/E ratio of 8, the investment makes sense as a turnaround play rather than just a real estate bet. The worst of the department store industry's decline appears to be over.
Can Macy's Raised 2026 Outlook Offset Third-Quarter Earnings Risk?
Macy's raised its 2026 EPS guidance to $2.15-$2.35 following strong Q2 results with 2.7% comparable sales growth and 14% adjusted earnings increase. However, the company expects Q3 adjusted earnings losses of 19-23 cents per share due to heavy reinvestment and tough year-over-year comparisons, though lower tariff pressure and supply-chain efficiencies should support margins.