Macy’s Receives All Expected IEEPA Tariff Refunds, Including $98M In Q2 2026 And $18M After The Quarter's End, For Total Of $116M
The company is taking a balanced approach to deploying benefits. Approximately $20 million of proceeds will flow to full year EPS. The remaining refunds of $96 million are being invested in 2026 to deliver for our
Macy's got back $116 million in taxes it had paid on imports, which is like finding money in an old coat pocket. The company is using some for profits this year and saving most to spend on the business in 2026.
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