---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-019024"
form_type: "8-K"
ticker: "M"
cik: "0000794367"
company_name: "Macy's, Inc."
filed_at: "2026-03-18T23:59:59+00:00"
generated_at: "2026-05-15T09:59:47.526743+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Macy's Q4 net sales $7.6B, adj EPS $1.67 beats guidance; FY2026 guidance soft

## Summary
- Q4 comparable sales up 1.8%; go-forward comps up 2.0% (Macy's +0.6%, Bloomingdale's +9.9%, Bluemercury +1.3%).
- Adj diluted EPS $1.67 in Q4, exceeding guidance; GAAP EPS $1.84 (incl. $328M pretax interchange settlement gain).
- FY2025 GAAP & adj diluted EPS $2.32, above prior guidance of $2.00-$2.20 despite tariff headwinds.
- FY2026 guidance: net sales $21.4B-$21.65B, comp sales -0.5% to +0.5%, adj EPS $1.90-$2.10.
- Dividend raised 5% to $0.1915/share; $251M in share repurchases during FY2025; $1.1B remaining authorization.

## SEC filing metadata
- accession: 0001628280-26-019024
- form_type: 8-K
- ticker: M
- cik: 0000794367
- company_name: Macy's, Inc.
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794367/000162828026019024/0001628280-26-019024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794367/000162828026019024/m-20260318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-019024
- JSON: https://secwatch.observer/filing/0001628280-26-019024.json
- Plain text: https://secwatch.observer/filing/0001628280-26-019024.txt

## Key facts
- Earnings Releases
  Macy's, Inc. reported the fourth quarter and fiscal year 2025 results: revenue net sales of $7.6 billion, net income GAAP net income was $507 million, EPS GAAP diluted earnings per share of $1.84; Adjusted diluted EPS of $1.67.
  - Period: the fourth quarter and fiscal year 2025
  - Revenue: net sales of $7.6 billion
  - Net income: GAAP net income was $507 million
  - EPS: GAAP diluted earnings per share of $1.84; Adjusted diluted EPS of $1.67
  - Result: reported results
  source text: today reported financial results for the fourth quarter and fiscal year 2025 and provided fiscal year 2026 guidance. Fourth Quarter 2025 Highlights • Macy’s, Inc. net sales of $7.6 billion exceeded guidance. • Macy’s, Inc. comparable sales 1 grew 1.8%, exceeding the company’s guidance. • Macy’s, Inc. achieved go-forward comparable sales growth of 2.0%. • Macy’s
  evidence_url: https://www.sec.gov/Archives/edgar/data/794367/000162828026019024/0001628280-26-019024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.