Macy's raised its fiscal 2026 sales, comparable-sales and adjusted-earnings forecasts after second-quarter results exceeded expectations, supported by luxury and beauty growth and $116 million in IEEPA tariff refunds. Comparable sales rose 2.7%, the fifth consecutive quarterly gain, with Bloomingdale's up 11.3%, Bluemercury up 6.2% and the Macy's chain up 1.1%. Revenue increased 1.1% to $4.866 billion, while adjusted earnings were 63 cents per share including a 23-cent tariff-refund benefit, or 40 cents excluding it, above the 37-cent consensus estimate. Macy's forecast a third-quarter adjusted loss of 19 cents to 23 cents per share, versus analysts' expected 6-cent loss, and comparable sales ranging from a 0.5% decline to a 0.5% increase. Shares fell about 4.07% to $20.29 in Thursday trading.