Omni-channel fashion retailer Macy's, Inc. (M) reported Tuesday a fourth-quarter net income of $742 million or $2.44 per share, sharply higher than $160 million or $0.50 per share in the prior-year quarter.
Excluding items, adjusted net income for the quarter was $745 million or $2.45 per share, compared to $253 million or 0.80 per share in the year-ago quarter.
Net sales for the quarter surged to $8.67 billion from $6.78 billion in the same quarter last year. Comparable sales were up 28.3 percent on an owned basis and up 27.8 percent on an owned-plus-licensed basis. Digital sales increased 12 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.