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Macy’s Receives All Expected IEEPA Tariff Refunds, Including $98M In Q2 2026 And $18M After The Quarter's End, For Total Of $116M
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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 customer, further the Bold New Chapter strategy and support long-term growth.

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