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Can Macy's Raised 2026 Outlook Offset Third-Quarter Earnings Risk?

Zacks Investment Research·
Can Macy's Raised 2026 Outlook Offset Third-Quarter Earnings Risk?

Macy's raised its 2026 EPS guidance to $2.15-$2.35 following strong Q2 results with 2.7% comparable sales growth and 14% adjusted earnings increase. However, the company expects Q3 adjusted earnings losses of 19-23 cents per share due to heavy reinvestment and tough year-over-year comparisons, though lower tariff pressure and supply-chain efficiencies should support margins.

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