Options pricing indicates Macy’s Inc. shares may fluctuate by as much as 5.2% when the retailer reports third-quarter earnings before the market opens on Sept. 10, according to Bloomberg data.
Historical performance shows the stock has often reacted more strongly than implied by options, with mixed outcomes in recent quarters. In the most recent report on June 3, Macy’s shares rose 0.6% against an implied move of 8.9%. The prior quarter, on March 6, the stock fell 8.9% versus an implied move of 3.9%. The stock exceeded its implied range in two of the past eight earnings announcements, including a 21.9% gain on Sept. 3, 2025, compared with an implied move of 8.2%. On March 18, the stock declined 1.5% against an implied move of 9.9%.
