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macy's inc Macy's , Inc. Reports First Quarter 2021 Results Performance exceeded expectations on both the top and bottom lines Comparable sales up 62.5 % vs. 2020 on an owned basis ; up 63.9 % vs. 2020 on an owned plus licensed basis Diluted EPS of $ 0.32 and Adjusted diluted EPS of $ 0.39 Company continues momentum as a digitally led omnichannel retailer with digital sales growth of 34 % vs. 2020 Raises full - year guidance , bolstered by improved macroeconomic trends and strength of Polaris strategy execution NEW YORK -- May 18 , 2021-- Macy's , Inc. ( NYSE : M ) today reported results for the first quarter of 2021 and raised guidance for fiscal 2021 . " In our first quarter we outperformed sales expectations across all three of our brands : Macy's , Bloomingdale's and Bluemercury . We built on our momentum from the fourth quarter and our sales trend continued to improve throughout the first quarter , " said Jeff Gennette , chairman and chief executive officer of Macy's , Inc. " These results were driven by the positive effects of the government stimulus program and expanding vaccine rollout , coupled with the accelerated execution of our Polaris strategy , including investments in our digital platforms . Macy's remains a fashion and style source for customers as a digitally led omnichannel retailer . " " As consumers seek to re - engage with each other , we are seeing promising signs that our core customers are shopping again , and we continue to attract new customers , who increasingly begin their shopping experience with us online , " continued Gennette . " Customers are shopping categories that have been strong throughout the pandemic , including home , fine jewelry and watches , fragrance and luxury items . And we're encouraged by the improvement we're seeing in special occasion categories as customers begin to travel and return to a pre - pandemic lifestyle . We also have emerging opportunities in new categories and brands , including toys , health & wellness , pet and home décor . " " As we look to the rest of the year , we are hyper - focused on meeting consumers ' demand for speed , convenience and a seamless omnichannel shopping experience . We also continue to evolve our merchandising strategy , and we remain a partner of choice for top brands with more collaborative and profitable vendor relationships , " continued Gennette . " With a healthier economy and the reopening of communities as the backdrop to the execution of our Polaris strategy , we are well positioned to deliver sustainable , profitable growth in 2021 and the years beyond . " First Quarter Highlights In addition to prior year comparisons , Macy's , Inc. is providing comparisons to 2019 to benchmark its performance given the impact of the pandemic last year . Diluted earnings per share of $ 0.32 and Adjusted diluted earnings per share of $ 0.39 both exceeded expectations for the quarter .