M Macy's (M) Q1 FY27 earnings call
Macy's, Inc. delivered a strong first quarter, with enterprise-wide growth and better-than-expected performance across key metrics, driven by its Bold New Chapter strategy. All nameplates and channels achieved positive comparable sales, marking the best Q1 comp in four years. The company is raising its full-year outlook, reflecting continued momentum and disciplined expense management, while acknowledging macroeconomic uncertainties.
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M operating KPIs by quarter
| KPI | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Stores Macy's go-forward | ~350comp sales include the approximately 350 Macy's go-forward locations in digital and Bloomingdale's and Bluemercury nameplates inclusive of stores and Digital.Source: earnings call transcript | ~350comp sales include the approximately 350 go-forward store locations and digital for Macy's, which represents the Macy's go-forward nameplate, and all stores and digital for Bloomingdale's and Bluemercury, which represent their respective nameplates.Source: earnings call transcript | — |
| Reimagine stores | 200During the first quarter, we expanded learnings to an additional 75 locations, bringing the Reimagine base to 200.Source: earnings call transcript | 200Earlier this year, we expanded the program to 200 locations, which delivered comp growth of 1.9% in the second quarter.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.