secwatch.observer — SEC 8-K summary
======================================

Issuer:     Macy's, Inc. (M)
CIK:        0000794367
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001628280-26-019024
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794367/000162828026019024/0001628280-26-019024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794367/000162828026019024/m-20260318.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-019024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer