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Macy’s reported Q2 total sales of $4.866 billion versus $4.805 billion expected, with gross margin expansion tied to tariff refunds; analyst takeaways also cite Q3 guidance for net sales and adjusted EBITDA margin.
Macy's said second-quarter net sales, comparable sales, adjusted EBITDA and adjusted diluted EPS all exceeded guidance. The company reported 2.7% comparable sales growth and said adjusted EPS was 63 cents, helped by tariff refunds.