)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Macy’s (M) investor relations material
Macy’s Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary3 Dec, 2025
Executive summary
Net sales reached $4.7B, exceeding guidance, with the strongest comparable sales growth in 13 quarters, driven by the Bold New Chapter strategy and positive results across all nameplates, especially Bloomingdale's.
Adjusted diluted EPS was $0.09, up 125% year-over-year and above guidance, supported by higher net sales, gross margin, and SG&A control.
Core adjusted EBITDA margin improved to 5.6%, with all major nameplates posting positive comparable sales growth.
Initiatives in omnichannel experience, product curation, and customer service drove higher Net Promoter Scores and customer engagement.
Returned $99M to shareholders in Q3 and $350M year-to-date via dividends and share repurchases.
Financial highlights
Net sales were $4.7B, down 0.6% year-over-year due to store closures but up 2.9% excluding closures.
Comparable sales rose 3.2% (O+L+M), with owned comps up 2.5%; Go-Forward comps up 3.4%.
Gross margin was 39.4% of net sales, down 20 bps year-over-year, mainly due to tariffs.
SG&A expense declined $40M year-over-year, down 90 bps to 41.2% of revenue.
Adjusted EBITDA was $285M (5.8% of revenue); core adjusted EBITDA $273M (5.6%).
Outlook and guidance
Q4 net sales expected at $7.35B–$7.5B; comparable sales guidance: -2.5% to flat; Go-Forward comps down 2% to flat.
Full-year net sales guidance raised to $21.475B–$21.625B; adjusted EPS $2.00–$2.20.
Gross margin for the year expected at 37.7%–37.9%, with tariff impact lower than previously anticipated.
FY25 core adjusted EBITDA margin rate expected at 7.5%–7.7%.
Guidance assumes continued traction of strategic initiatives and stable tariffs.
Detail tariff mitigation actions' impact on gross margin
Explain the strategy for future asset monetization
What drives flat Macy's Media Network revenue?
How will R125 learnings scale to other stores?
How does 'choiceful consumer' impact Q4 outlook?
Can tariff mitigation sustain into 2026?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Macy’s earnings date
Q4 202625 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Iconic Department Store
Macy's is an American department store chain. The company sells a wide range of products, Macy's offers everything from clothing and accessories to home furnishings and beauty products, catering to a diverse customer base. Macy's operates numerous stores across the United States and also has a significant online presence
Founded in the mid-1800s
Macy's was founded in 1858 by Rowland Hussey Macy in New York City and has grown from a single dry goods store into one of America's most recognized department store chains. Its flagship store in Herald Square opened in 1902 was once the world's largest store and remains a popular spot to shop to this day. A significant part of Macy's heritage is its famous Thanksgiving Day Parade, first held in 1924. This parade features large balloons, floats, and performances, attracting millions of spectators both in-person and via television. Over the years, Macy's has become deeply ingrained in American culture and remains one of the most popular department store chains in the country.
The Stores
Macy's operates as a nationwide chain of department stores in the United States, known for its broad assortment of merchandise including clothing, accessories, cosmetics, home goods, and essential groceries and snacks. Macy's stores are strategically located in urban and suburban areas, often serving as anchor stores in shopping malls. The company emphasizes customer service, offering personalized shopping experiences, and often hosts events and sales. Some of the closest competitors to Macy’s include names such as Target, Nordstrom, and Kohl's.
E-commerce
Macy's complements its network of department stores with a robust online shopping platform, enabling customers to browse and purchase a wide array of products from their website. This online presence allows shoppers to find products otherwise sold in the stores online. Customers can also take part in online-exclusive deals, and the option for in-store pickup or home delivery.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage