Macy's (M) Q2 Earnings and Revenues Beat Estimates

Macy's reported Q2 2026 earnings of $0.40 per share, beating consensus estimates of $0.37, with revenues of $4.87 billion slightly exceeding expectations. The company has consistently beaten estimates over the last four quarters. Despite the positive earnings surprise, Macy's shares have underperformed the S&P 500 year-to-date, declining 2.5% versus the market's 11.6% gain. The stock received a Zacks Rank #2 (Buy) rating based on favorable estimate revision trends, though future performance will depend on management guidance.