Macy's jumps on quarterly profit beat, tariff relief expectation

Macy's

18/03/2026 13:12

** Shares of department store operator Macy's M.N rise 5.7% to $17.88 premarket

** Co beats quarterly profit estimates, sees hit from import tariffs easing in the second half of the year

** Excluding items, co reports quarterly earnings per share of $1.67, compared with expectations of $1.53-data compiled by LSEG

** Macy's said tariff pressures could weigh on margins in the first half of the year, with the largest impact expected in the first quarter

** However, it sees annual adjusted profit between $1.90 and $2.10 per share, compared with analysts' estimate of $2.17

** Stock has fallen ~23% YTD, as of last close

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))