Filing Flows › Macy's (M) › Guidance history
Macy's (M) guidance history: what it guided and what it reported
Macy's gave guidance in 12 earnings releases on file since Feb 27, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +4.2% against the guided midpoint. Its releases raised guidance 4 times and lowered it 0 times.
Revenue
Met or beat 2 of 2 periods (2 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $21.0B–$21.4B (Mar 6, 2025) → raised $21.5B–$21.6B (Dec 3, 2025) | $22.6B | above the range | +5.0% |
| FY25 | $22.1B–$22.4B (Aug 21, 2024) | $23.0B | above the range | +3.4% |
Gross margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY25 | 40.5% (Aug 21, 2024) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $1.67 (Mar 18, 2026) → lowered $0.13 (Jun 3, 2026) | — | to be reported | — |
| FY26 | $1.80 (Mar 6, 2025) → lowered $0.16 (May 28, 2025) → raised $0.41 (Sep 3, 2025) → lowered $0.09 (Dec 3, 2025) | — | — | — |
| FY25 | $0.53 (Aug 21, 2024) → lowered $0.04 (Dec 11, 2024) | — | — | — |
The latest quarter
Macy's, Q2 FY27: revenue $5.1B (+1% year over year), operating margin 4.8%, net earnings $169M, operating cash flow $294M. The chart follows the revenue to costs, profit and cash.
Questions
Does Macy's beat its guidance?
Macy's gave guidance in 12 earnings releases on file since Feb 27, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +4.2% against the guided midpoint.
How often does Macy's raise guidance?
Its earnings releases raised guidance 4 times and lowered it 0 times since Feb 27, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.