Macy’s Inc. Gains Investor Confidence with Strong Q1 Results and Berkshire Hathaway Stake

Macy’s Inc. ($M) is showing signs of renewed strength as it reported its best first-quarter comparable sales growth in four years, boosting investor optimism. The company posted adjusted earnings of $0.13 per share, well above expectations, alongside a 1.8% increase in net sales to $4.68 billion. This performance was driven by positive sales across all its brands—Macy’s, Bloomingdale’s, and Bluemercury—with Bloomingdale’s notably achieving its highest first-quarter sales in 154 years. Macy’s management also raised its full-year 2026 outlook, signaling confidence in the momentum generated by its Bold New Chapter strategy focused on operational improvements and customer engagement.

Adding to the positive sentiment, Berkshire Hathaway, under new CEO Greg Abel, acquired approximately three million shares of Macy’s during the first quarter. This move reflects a strategic bet on the retailer’s improving prospects despite the challenges department stores have faced in recent years. Abel’s decision to sell off Amazon shares while increasing Macy’s holdings suggests a shift toward legacy retail stocks that may benefit from a rebound in consumer spending and operational turnaround efforts. Overall, Macy’s appears to be gaining traction both in the market and among influential institutional investors as it navigates a transforming retail landscape.

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