Macy’s posts satisfactory first-quarter showing
Macy’s said Q1 net sales were up 1.8% YoY to USD4.7 billion, with LFL sales up 3.0%, its strongest first-quarter performance in four years. Macy’s LFL sales rose 1.6%, while Bloomingdale’s increased 10.2% and Bluemercury advanced 6.4%. Adjusted EBITDA fell to USD290 million from USD304 million. The group raised 2026 guidance, forecasting net sales of USD21.5 billion to USD21.75 billion. (Macy’s)
