Recent Updates — M

Macy's Inc. announced that Paul C. Varga has notified the company of his decision to resign from its Board of Directors, effective December 11, 2026. Mr. Varga served on the board since 2012 and as Lead Independent Director since 2021. The resignation was not due to any disagreement with management or operations. Concurrently, the board elected Deirdre P. Connelly to succeed Mr. Varga as Lead Independent Director, effective December 12, 2026. Following the departure, the board size was fixed at nine directors. Macy's Inc. operates a department store chain in the United States.

Macy's, Inc. reported second quarter 2026 financial results with net sales of $4.9 billion, a 1.1% increase year-over-year, and comparable sales growth of 2.7%. GAAP diluted EPS rose 100% to $0.62, while adjusted diluted EPS increased 14% to $0.63 excluding a $0.23 net tariff refund benefit. The company raised its full-year fiscal 2026 guidance for net sales, comparable sales, adjusted EBITDA, and adjusted diluted EPS. Bloomingdale’s delivered double-digit comparable sales growth of 11.3%, while Macy’s stores grew 1.1% and Bluemercury increased 6.2%. Additionally, the board declared a regular quarterly dividend of $0.1915 per share, payable October 1, 2026 to shareholders of record on September 15, 2026. Macy's operates as an omnichannel department store retailer in the United States.