Macy’s (M) to Post Q1 Results; Flat Revenue Expected Amid 14.7% Pre-Earnings Rally

Macy’s (NYSE:M) will report fiscal first-quarter 2026 results before U.S. markets open on June 3. Analysts project revenue to be flat compared with the prior year, an improvement from the 4.1% decline recorded in the year-ago quarter. The department store chain last quarter beat revenue expectations with $7.92 billion, down 1.1% year-on-year. Estimates for the current quarter have remained stable recently. Peers Dillard’s and Kohl’s have already posted Q1 numbers: Dillard’s revenue rose 2.7%, beating forecasts, while Kohl’s revenue slipped 2%, meeting estimates. Their shares gained 1.1% and 11%, respectively. Macy’s stock has advanced 14.7% over the past month to $21.93, significantly above the average analyst price target of $19.40. The broader general merchandise retail sector rose 2.6% in the same period.