At a Glance:
- Comparable sales grew 1.8% in Q4 2025, with Bloomingdale’s net sales up 8.5% and comp sales up 9.9%.
- Net income rose to $507 million in Q4 2025 from $342 million the prior year, driven by the Bold New Chapter strategy.
NEW YORK – Heralding 2025 as a “year of transformation,” Macy’s Inc. reported fourth quarter net sales increases across all its nameplates and a return to positive comp sales growth for the fiscal year.
Macy’s, Inc. net sales, which include store closures, decreased 1.7% to $7.6 billion in the quarter that ended Jan. 31, 2026. Comparable sales were up 1.8% and reflect positive comparable sales at each of the company’s nameplates. Bloomingdale’s was the star performer here, with net sales up 8.5% and comp sales up 9.9%.
Macy’s net sales, which include store closures, were down 3.2% in the quarter. Comparable sales were up 0.4%. Macy’s go-forward business 2 comparable sales were up 0.6%.
Macy’s Inc. net income for the quarter was $507 million, compared to $342 million in the prior-year period.
Chairman and CEO Tony Spring noted the return to positive comp sales for Macy’s Inc. and its nameplates as one of the milestones for 2025 in a call with investors this morning. He said the company’s Bold New Chapter strategy is working well and customers are “responding favorably” to merchandising and marketing events and improved, curated assortments. “Across stores and digital, we are emphasizing newness and assortment,” he said.
In the company’s earnings release, Spring said, “As we wrap up year two of the Bold New Chapter, I’m pleased with the growth and progress we’re making against our strategic priorities. At Macy’s, we are offering more relevant brands, stronger storytelling and investing in our colleagues so we can better serve the customer. Bloomingdale’s exceptional performance underscores its ability to elevate the customer experience and capture demand across premium contemporary to luxury businesses. Looking to 2026 and beyond, we are ready to build on our progress.”
“Macy’s has a clear, well-defined strategy that is gaining traction,” Spring said on the investor call.
The strategy at Bloomingdale’s is based on being a leader in local markets and emphasizing discovery and newness, Spring told investors. “We’ve raised the bar in curation … and deepened brand partnerships,” he said. The approach is gaining market share, he noted.
In the fiscal year, Macy’s Inc. net sales, which include store closures, were down 2.4% to $21.8 billion. Comp sales were up 1.5%. Comp sales growth at Macy’s Reimagine 125 locations, Bloomingdale’s, Bluemercury and digital channels were offset primarily by Macy’s non go-forward locations, the company said.
The company issued fiscal 2026 guidance of $21.4 billion to $21.65 billion in net sales. This guidance reflects “macroeconomic and geopolitical factors that could influence discretionary spend,” the company said.
“Guidance assumes the first half of the year will have a larger tariff impact than the second half, with the first quarter having the most meaningful impact,” the company said. “Additionally, guidance reflects the investments to be made in the company’s Reimagine 200 locations and luxury nameplates to support long-term top-line growth, and fewer non-go-forward store closures in fiscal 2025 than fiscal 2024.”
