Overview
- The retailer guided 2026 net sales to $21.4 billion–$21.7 billion and adjusted EPS to $1.90–$2.10, below last year and short of Wall Street on profit.
- Management said tariff pressures will hit margins most in the first quarter and first half before easing later in the year.
- Exposure stems from China sourcing and a U.S. move to a uniform 10% import duty following a Supreme Court ruling, leaving some near-term cost overhang from existing inventory.
- Fiscal fourth-quarter revenue reached $7.64 billion with adjusted EPS of $1.67, beating estimates, and net income was $507 million.
- The company reaffirmed plans to close about 150 Macy’s stores by early 2027 and to expand its reimagined locations to roughly 200 as Bloomingdale’s and Bluemercury outperformed and Macy’s-brand comparable sales rose 0.4%.