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Macy’s fell about 4% after reporting second-quarter fiscal 2026 results that beat Wall Street estimates but guiding third-quarter adjusted loss wider than expected. Adjusted EPS was 40 cents, excluding a 23-cent tariff refund benefit, and sales rose 1.1% to $4.866 billion.
July wholesale inventories rose 1.3% M/M to $958.9B, matching the +1.3% consensus and up from June’s +0.4% (revised from +0.2%). Year-on-year, July inventories rose 5.7%.
U.S. wholesale inventories increased as predicted in July, the Commerce Department said. The stocks at wholesale warehouses rose 1.3% from June’s revised level to $958.9 billion.