<p>梅西百货公司（Macy's Inc.）在纽约证券交易所上市，股票代码为 M，2026 年第一季度的表现超出预期，进一步证明了该零售商的 “大胆新篇章” 转型战略正在取得成效。</p>
<p>强劲的业绩也促使这家百货连锁店上调了全年展望。尽管好消息不断，华尔街的反应却相对平淡，报告发布后，股价仅小幅上涨。</p>
<h2>第一季度业绩超预期，品牌表现强劲</h2>
<p>梅西百货第一季度调整后每股收益为 13 美分，低于去年同期的 16 美分，但远超华尔街预期的每股 2 美分。营收为 48.9 亿美元，同比增长 1.8%，超出分析师预期的 46.1 亿美元。</p>
<p>梅西百货的各个品牌均表现出色。布鲁明戴尔（Bloomingdale's）的表现尤为强劲，同店销售（comps）同比增长 10.2%，创下该品牌历史上最佳的第一季度。同店销售在梅西品牌上增长 1.6%，而重新设计的门店（占门店总数的约 60%）的同店销售增长了 2.4%。在销售奢侈美容品牌的 Bluemercury，同店销售增长了 6.4%。</p>
<p>首席执行官托尼·斯普林（Tony Spring）在财报电话会议上表示：“在第一季度，我们实现了全企业范围的增长，所有关键指标的表现均超出预期，所有品牌和渠道的同店销售均为四年来最佳。”</p>
<p>他补充道：“这些广泛的运营和财务改善反映了 ‘大胆新篇章’ 战略的实力和可行性。”</p>
<h2>梅西百货上调全年展望</h2>
<p>梅西百货发布了第二季度的指导意见，并上调了全年展望，理由是第一季度的收益和营收结果超出预期，以及对全年销售预期的适度上调。</p>
<p>对于第二季度，该公司预计净销售额约为 47.5 亿至 48 亿美元，同店销售预计持平或增长 1%。调整后的稀释每股收益预计在 29 美分至 34 美分之间。</p>
<p>对于全年，梅西百货现在预计净销售额为 215 亿至 217.5 亿美元，高于之前预测的 214 亿至 216.5 亿美元。同店销售预计增长 0.5% 至 1.2%，而之前的指导为下降 0.5% 至增长 0.5%。调整后的稀释每股收益现在预计在 2 美元至 2.20 美元之间，高于之前的 1.90 美元至 2.10 美元的范围。</p>
<p>梅西百货表示，更新后的展望反映了修订后的关税和燃料假设，预计对今年的业绩将产生大致中性的影响。该指导意见还提供了灵活性，以应对竞争环境的潜在变化，以及持续的宏观经济和地缘政治不确定性。</p>
<h2>华尔街反应平淡</h2>
<p>尽管第一季度表现强劲且展望乐观，华尔街的反应在报告发布后相对平淡，股价仅上涨 0.4%，收于 21.76 美元。</p>
<p>投资者可能在经历了过去一年股价的强劲上涨后选择暂时观望。由于一系列超出预期的财报增强了对公司转型战略的信心，梅西百货的股价在过去 12 个月内已上涨约 90%。</p>
<h3>梅西百货（M）2026 年 6 月 5 日的股价图表</h3>
<p>在 12 月份达到超过 24 美元的 52 周盘中高点后，该股在 2026 年初几个月回落。随着梅西百货发布超出预期的第四季度业绩，3 月份股价似乎恢复了动能，给股价带来了提振。然而，该公司的展望促使一些分析师下调了他们的目标价。尽管如此，在第一季度发布前的三个月内，股价上涨了 19%。</p>
<h2>尽管转型进展，分析师仍保持谨慎</h2>
<p>尽管有迹象表明梅西百货的转型战略正在奏效，华尔街对该股仍持谨慎态度。共识评级为减持，其中包括两项卖出评级、11 项持有评级和一项买入评级。平均目标价约为 19.90 美元，约低于当前股价的 15%。华尔街上最高的目标价为 27 美元，其余目标价范围为 9 美元至 23 美元。</p>
<p>这种谨慎态度可能反映了对梅西百货能否维持其动能的担忧，以及围绕消费者支出和宏观经济环境的更广泛不确定性。</p>
<h2>空头头寸上升，部分投资者仍持怀疑态度</h2>
<p>该股的空头头寸在过去几个月也有所上升。截至 5 月 15 日，约 3350 万股，或 12.8% 的流通股被卖空。这一数字高于 1 月 15 日的约 2110 万股，或 8.2% 的流通股。</p>
<p>从估值角度来看，梅西百货相对于更广泛的零售行业显得便宜。该股目前的市盈率约为 10 倍，低于零售行业平均的 11.3 倍。在市销率方面，股价为 0.27 倍，而行业平均为 0.84 倍。</p>
<p>尽管华尔街保持谨慎，梅西百货最新的季度业绩显然突显了其转型努力的持续进展。投资者将密切关注该公司能否在未来几个季度继续在此基础上取得进展。</p>
<h2>你现在应该投资 1000 美元在梅西百货吗？</h2>
<p>在考虑投资梅西百货之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场注意到之前立即购买……而梅西百货并不在名单上。</p>
<p>虽然梅西百货目前在分析师中被评为减持，但顶级分析师认为这五只股票更值得投资。</p>
<p>查看这五只股票的详细信息。</p>

梅西百货

<p>梅西百货报告了强劲的第一季度业绩，超出了盈利和收入预期，并上调了全年展望。尽管表现积极且显示出成功的扭转策略迹象，华尔街依然保持谨慎，股票反应平淡。分析师维持 “减持” 的共识评级，指出对持续动能和宏观经济不确定性的担忧，同时空头头寸有所增加</p>

<p>Macy's Inc. NYSE: M kicked off the first quarter of 2026 with better-than-expected performance across the board, offering further evidence that the retailer's Bold New Chapter turnaround strategy is gaining traction.</p>
<div class="lb-trans"><p>梅西百货公司（Macy's Inc.）在纽约证券交易所上市，股票代码为 M，2026 年第一季度的表现超出预期，进一步证明了该零售商的 “大胆新篇章” 转型战略正在取得成效。</p>
</div><p>The strong results also prompted the department store chain to raise its full-year outlook. Despite the good news, Wall Street's reaction was muted, with shares closing slightly higher following the report.</p>
<div class="lb-trans"><p>强劲的业绩也促使这家百货连锁店上调了全年展望。尽管好消息不断，华尔街的反应却相对平淡，报告发布后，股价仅小幅上涨。</p>
</div><h2>Q1 Beat Fueled by Strength Across Brands</h2>
<div class="lb-trans"><h2>第一季度业绩超预期，品牌表现强劲</h2>
</div><p>Macy's Q1 adjusted earnings came in at 13 cents per share, down from 16 cents a year ago but well ahead of Wall Street expectations of 2 cents per share. Revenue of $4.89 billion increased 1.8% year over year, topping analyst estimates of $4.61 billion.</p>
<div class="lb-trans"><p>梅西百货第一季度调整后每股收益为 13 美分，低于去年同期的 16 美分，但远超华尔街预期的每股 2 美分。营收为 48.9 亿美元，同比增长 1.8%，超出分析师预期的 46.1 亿美元。</p>
</div><p>Growth was broad-based across Macy's portfolio. Performance at Bloomingdale's was particularly strong, with comparable sales (comps) rising 10.2% year over year, marking the best first quarter in the brand's history. Comps at the Macy's nameplate rose 1.6%, though the retailer's reimagined stores, which account for roughly 60% of the store base, saw comps grow 2.4%. At Bluemercury, which sells luxury beauty brands, comps increased 6.4%.</p>
<div class="lb-trans"><p>梅西百货的各个品牌均表现出色。布鲁明戴尔（Bloomingdale's）的表现尤为强劲，同店销售（comps）同比增长 10.2%，创下该品牌历史上最佳的第一季度。同店销售在梅西品牌上增长 1.6%，而重新设计的门店（占门店总数的约 60%）的同店销售增长了 2.4%。在销售奢侈美容品牌的 Bluemercury，同店销售增长了 6.4%。</p>
</div><p>&#34;In the first quarter, we delivered enterprise-wide growth, better than expected performance across all key metrics, and our best comparable sales in four years with all nameplates and channels positive,&#34; Chief Executive Tony Spring said on the earnings call.</p>
<div class="lb-trans"><p>首席执行官托尼·斯普林（Tony Spring）在财报电话会议上表示：“在第一季度，我们实现了全企业范围的增长，所有关键指标的表现均超出预期，所有品牌和渠道的同店销售均为四年来最佳。”</p>
</div><p>He added, &#34;These broad-based operational and financial improvements reflect the strength and viability of the Bold New Chapter strategy.&#34;</p>
<div class="lb-trans"><p>他补充道：“这些广泛的运营和财务改善反映了 ‘大胆新篇章’ 战略的实力和可行性。”</p>
</div><h2>Macy's Raises Full-Year Outlook</h2>
<div class="lb-trans"><h2>梅西百货上调全年展望</h2>
</div><p>Macy's issued second-quarter guidance and raised its full-year outlook, citing better-than-expected first-quarter earnings and revenue results, as well as a modest increase in its sales expectations for the remainder of the year.</p>
<div class="lb-trans"><p>梅西百货发布了第二季度的指导意见，并上调了全年展望，理由是第一季度的收益和营收结果超出预期，以及对全年销售预期的适度上调。</p>
</div><p>For the second quarter, the company expects net sales of approximately $4.75 billion to $4.8 billion, with comparable sales ranging from roughly flat to up 1%. Adjusted diluted earnings are expected to be between 29 cents and 34 cents per share.</p>
<div class="lb-trans"><p>对于第二季度，该公司预计净销售额约为 47.5 亿至 48 亿美元，同店销售预计持平或增长 1%。调整后的稀释每股收益预计在 29 美分至 34 美分之间。</p>
</div><p>For the full year, Macy's now anticipates net sales of $21.5 billion to $21.75 billion, up from its previous forecast of $21.4 billion to $21.65 billion. Comparable sales are expected to increase 0.5% to 1.2%, compared with prior guidance of down 0.5% to up 0.5%. Adjusted diluted earnings are now projected to be between $2 and $2.20 per share, up from the previous range of $1.90 to $2.10.</p>
<div class="lb-trans"><p>对于全年，梅西百货现在预计净销售额为 215 亿至 217.5 亿美元，高于之前预测的 214 亿至 216.5 亿美元。同店销售预计增长 0.5% 至 1.2%，而之前的指导为下降 0.5% 至增长 0.5%。调整后的稀释每股收益现在预计在 2 美元至 2.20 美元之间，高于之前的 1.90 美元至 2.10 美元的范围。</p>
</div><p>Macy's said the updated outlook reflects revised tariff and fuel assumptions, which it expects will have a roughly net-neutral impact on results this year. The guidance also provides flexibility to account for potential changes in the competitive landscape, as well as ongoing macroeconomic and geopolitical uncertainty.</p>
<div class="lb-trans"><p>梅西百货表示，更新后的展望反映了修订后的关税和燃料假设，预计对今年的业绩将产生大致中性的影响。该指导意见还提供了灵活性，以应对竞争环境的潜在变化，以及持续的宏观经济和地缘政治不确定性。</p>
</div><h2>Wall Street Reaction Remains Muted</h2>
<div class="lb-trans"><h2>华尔街反应平淡</h2>
</div><p>Despite the strong quarter and optimistic outlook, Wall Street's reaction was relatively muted following the report, with shares closing up just 0.4% to $21.76.</p>
<div class="lb-trans"><p>尽管第一季度表现强劲且展望乐观，华尔街的反应在报告发布后相对平淡，股价仅上涨 0.4%，收于 21.76 美元。</p>
</div><p>Investors may be taking a breather after the stock's strong run over the past year. Fueled by a series of better-than-expected earnings reports that have bolstered confidence in the company's turnaround strategy, shares had already gained roughly 90% over the prior 12 months.</p>
<div class="lb-trans"><p>投资者可能在经历了过去一年股价的强劲上涨后选择暂时观望。由于一系列超出预期的财报增强了对公司转型战略的信心，梅西百货的股价在过去 12 个月内已上涨约 90%。</p>
</div><h3>Macy's, Inc. (M) Price Chart for Friday, June, 5, 2026</h3>
<div class="lb-trans"><h3>梅西百货（M）2026 年 6 月 5 日的股价图表</h3>
</div><p>After reaching a 52-week intraday high above $24 in December, the stock pulled back during the first few months of 2026. Momentum appeared to return in March after Macy's delivered stronger-than-expected fourth-quarter results, giving shares a boost. However, the company's outlook prompted some analysts to lower their price targets. Still, over the three months leading up to the Q1 release, the stock rose 19%.</p>
<div class="lb-trans"><p>在 12 月份达到超过 24 美元的 52 周盘中高点后，该股在 2026 年初几个月回落。随着梅西百货发布超出预期的第四季度业绩，3 月份股价似乎恢复了动能，给股价带来了提振。然而，该公司的展望促使一些分析师下调了他们的目标价。尽管如此，在第一季度发布前的三个月内，股价上涨了 19%。</p>
</div><h2>Analysts Remain Cautious Despite Turnaround Progress</h2>
<div class="lb-trans"><h2>尽管转型进展，分析师仍保持谨慎</h2>
</div><p>Despite signs that Macy's turnaround strategy is working, Wall Street remains cautious on the stock. The consensus rating is Reduce, with two Sell ratings, 11 Hold ratings, and one Buy rating. The average price target is approximately $19.90, roughly 15% below the current share price. The highest price target on Wall Street is $27, while the remaining targets range from $9 to $23.</p>
<div class="lb-trans"><p>尽管有迹象表明梅西百货的转型战略正在奏效，华尔街对该股仍持谨慎态度。共识评级为减持，其中包括两项卖出评级、11 项持有评级和一项买入评级。平均目标价约为 19.90 美元，约低于当前股价的 15%。华尔街上最高的目标价为 27 美元，其余目标价范围为 9 美元至 23 美元。</p>
</div><p>The cautious stance may reflect concerns about whether Macy's can sustain its momentum, as well as broader uncertainty surrounding consumer spending and the macroeconomic environment.</p>
<div class="lb-trans"><p>这种谨慎态度可能反映了对梅西百货能否维持其动能的担忧，以及围绕消费者支出和宏观经济环境的更广泛不确定性。</p>
</div><h2>Short Interest Climbs as Some Investors Remain Skeptical</h2>
<div class="lb-trans"><h2>空头头寸上升，部分投资者仍持怀疑态度</h2>
</div><p>Short interest in the stock has also risen over the last several months. As of May 15, roughly 33.5 million shares, or 12.8% of the float, were sold short. That is up from approximately 21.1 million shares, or 8.2% of the float, on Jan. 15.</p>
<div class="lb-trans"><p>该股的空头头寸在过去几个月也有所上升。截至 5 月 15 日，约 3350 万股，或 12.8% 的流通股被卖空。这一数字高于 1 月 15 日的约 2110 万股，或 8.2% 的流通股。</p>
</div><p>From a valuation standpoint, Macy's looks inexpensive relative to the broader retail industry. The stock currently trades at roughly 10X earnings, below the retail industry average of 11.3X. On a price-to-sales basis, shares trade at 0.27X compared with the industry average of 0.84X.</p>
<div class="lb-trans"><p>从估值角度来看，梅西百货相对于更广泛的零售行业显得便宜。该股目前的市盈率约为 10 倍，低于零售行业平均的 11.3 倍。在市销率方面，股价为 0.27 倍，而行业平均为 0.84 倍。</p>
</div><p>Although Wall Street remains cautious, Macy's latest quarter clearly highlighted continued progress in its turnaround efforts. Investors will be watching closely to see whether the company can continue to build on that progress in the quarters ahead.</p>
<div class="lb-trans"><p>尽管华尔街保持谨慎，梅西百货最新的季度业绩显然突显了其转型努力的持续进展。投资者将密切关注该公司能否在未来几个季度继续在此基础上取得进展。</p>
</div><h2>Should You Invest $1,000 in Macy's Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在梅西百货吗？</h2>
</div><p>Before you consider Macy's, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑投资梅西百货之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Macy's wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐在更广泛的市场注意到之前立即购买……而梅西百货并不在名单上。</p>
</div><p>While Macy's currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然梅西百货目前在分析师中被评为减持，但顶级分析师认为这五只股票更值得投资。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票的详细信息。</p>
</div>

梅西百货第一季度业绩强劲，并上调了未来展望，但华尔街依然保持谨慎态度