CaratMacy's raises full-year sales guidance by $125m at midpoint
Fine jewelry was one of five categories named as outperforming in the second quarter. Comparable sales rose 2.7% group-wide and 11.3% at Bloomingdale's, and adjusted EPS guidance rose 15 cents.
Macy's raised the range. Macy's lifted full-year net sales guidance by $125m at the midpoint and its comparable sales range to 1.0% to 1.5%, from 0.5% to 1.2% in June.
If you sell fine jewelry to department stores: Macy's named the category among five second-quarter outperformers.
If you hold the stock: adjusted EPS guidance moved to $2.15 to $2.35, 15 cents up at each end.
What this is not: a jewelry number. Macy's published no fine jewelry sales figure.
| Measure | June guidance | September guidance | Move at midpoint |
|---|---|---|---|
| Net sales | $21.5bn-$21.75bn | $21.675bn-$21.825bn | +$125m |
| Comparable sales | 0.5%-1.2% | 1.0%-1.5% | +0.4 points |
| Adjusted diluted EPS | $2.00-$2.20 | $2.15-$2.35 | +15 cents |
IThe quarter beat the June range
Sales rose 1.1%. Net sales reached $4.9bn in the three months to 1 August, up 1.1% on last year.
Comps rose faster. Comparable sales on the owned, licensed and marketplace basis rose 2.7%, with go-forward comparable sales up 2.8%.
IIBloomingdale's carried the group
Eleven point three. Bloomingdale's comparable sales rose 11.3% and the chain recorded its highest second-quarter sales volume.
Bluemercury added 6.2%. Bluemercury's comparable sales rose 6.2%, while Macy's owned comparable sales rose 1.1%.
IIIFine jewelry is named, not counted
Five categories named. Macy's named ready to wear, men's apparel, fine jewelry, fragrances and tabletop as the quarter's outperformers.
The money is pointed. Chief operating officer Thomas Edwards said the value proposition supports “very selective and surgical areas, such as big ticket and fine jewelry.”
No figure published. The release itself carries no fine jewelry sales line, and Macy's has never published one.
01What would change this call+
A third quarter below the raised floor of $21.675bn. That would make September's move a mid-year excursion rather than a trend, and the fine jewelry line would lose its best evidence.
02How Macy's counts a comparable sale+
Macy's reports two comparable-sales bases. Owned comparable sales count only merchandise Macy's buys and owns. Owned plus licensed plus marketplace adds concession departments and third-party sellers on its website. The guidance range quoted here is stated on the owned plus licensed plus marketplace basis in both the June and the September release, so the two are compared like with like.
03Method · the desk’s arithmetic+
Both guidance ranges were read at the primary. The September figures come from Exhibit 99.1 to Macy's 8-K of 10 September 2026 and the June figures from Exhibit 99.1 to its 8-K of 3 June 2026, each fetched from SEC EDGAR rather than from a wire summary. Midpoint arithmetic is Carat Capital's: the June sales range midpoint is 21.625, the September midpoint 21.75, a rise of 0.125, printed as $125m; the June comps midpoint is 0.85% against September's 1.25%, a rise of 0.40 points; adjusted EPS rose 15 cents at each end of the range. Divergence between outside sources, disclosed: Rapaport's report of 14 September 2026 gives the new sales range as $21.68bn to $21.83bn, which is the primary's $21.675bn to $21.825bn rounded to two decimal places. This article prints the primary's figures. The fine jewelry material does not come from the release, which makes no mention of the category. It comes from Macy's results call as reported by Rapaport on 14 September 2026, including the Thomas Edwards quotation, which is 12 words and carried here as that outlet reports it. Carat Capital did not read the call transcript and says so rather than implying it did. Archive test, both periods named: Carat Capital has covered Macy's only as a passing mention inside a Signet comps piece, with no guidance figures and no stated quarter; this item covers Macy's second quarter of 2026 and its full-year guidance. New entity for this paper, so NEW. Age, from the event and not from the write-up: the results were published 10 September 2026 and this article is five days behind that date, not one day behind Rapaport's.
Kay cuts its assortment about 20% across 1,003 stores
The other side of the American jewelry counter this month, where the assortment is being cut rather than pushed.
The trade, filed before the New York open.
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