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Nordstrom(JWN) - 2025 Q1 - Quarterly Results
2024-05-30 20:34
Exhibit 99.1 SEATTLE – May 30, 2024 – Nordstrom, Inc. (NYSE: JWN) today reported a first quarter net loss of $39 million, or loss per share of $0.24, and loss before interest and taxes of $21 million. For the first quarter ended May 4, 2024, net sales increased 5.1 percent versus the same period in fiscal 2023, and total Company comparable sales increased 3.8 percent. Gross merchandise value ("GMV") increased 4.9 percent. First quarter net sales include a 75 basis point negative impact from the wind-down of ...
Nordstrom Reports First Quarter 2024 Earnings
Prnewswire· 2024-05-30 20:05
Strong sales growth at both banners during first quarter Nordstrom Rack net sales up double-digits, with comparable sales up 8 percent Gross profit constrained due to timing and other factors Reaffirms fiscal 2024 outlook SEATTLE, May 30, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported a first quarter net loss of $39 million, or loss per share of $0.24, and loss before interest and taxes of $21 million. For the first quarter ended May 4, 2024, net sales increased 5.1 percent versus the same ...
SIMON PORTE JACQUEMUS, FOUNDER AND DESIGNER OF JACQUEMUS, TO BE HONORED BY THE COUTURE COUNCIL OF THE MUSEUM AT FIT
Prnewswire· 2024-05-29 14:00
Annual luncheon benefiting The Museum at FIT (MFIT) will be held Wednesday, September 4, 2024, at David H. Koch Theater at Lincoln Center To Download PR Assets [CLICK HERE] NEW YORK, May 29, 2024 /PRNewswire/ -- The Couture Council of The Museum at FIT (MFIT) today announced it will honor Simon Porte Jacquemus, founder and designer at the fashion house JACQUEMUS, with its 2024 Couture Council Award for Artistry of Fashion during its annual luncheon on Wednesday, September 4, 2024, at the David H. Koch Theat ...
Here's How Nordstrom (JWN) is Positioned Ahead of Q1 Earnings
zacks.com· 2024-05-28 15:21
Nordstrom, Inc. (JWN) is scheduled to release first-quarter fiscal 2024 numbers on May 30, after the closing bell. This fashion specialty retailer is expected to have witnessed revenue growth. The Zacks Consensus Estimate for revenues is pegged at $3.20 billion, which indicates a rise of 0.5% from the figure reported in the year-ago quarter. The consensus estimate for earnings is pegged at a loss of 8 cents per share, against earnings of 7 cents per share delivered in the year-ago quarter. The consensus mar ...
Gear Up for Nordstrom (JWN) Q1 Earnings: Wall Street Estimates for Key Metrics
zacks.com· 2024-05-24 14:23
In its upcoming report, Nordstrom (JWN) is predicted by Wall Street analysts to post quarterly loss of $0.08 per share, reflecting a decline of 214.3% compared to the same period last year. Revenues are forecasted to be $3.2 billion, representing a year-over-year increase of 0.5%. The current level reflects a downward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projecti ...
Nordstrom (JWN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
zacks.com· 2024-05-23 15:06
The market expects Nordstrom (JWN) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 30, 2024, might help the stock move higher if these key numbers are better ...
Nordstrom Board of Directors Approves Quarterly Dividend
prnewswire.com· 2024-05-22 20:05
SOURCE Nordstrom, Inc. SEATTLE, May 22, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today its board of directors approved a quarterly dividend of 19 cents per share payable on June 19, 2024, to shareholders of record at the close of business on June 4, 2024. ABOUT NORDSTROM At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This herit ...
As their customers age, Macy's, Kohl's and Nordstrom are chasing younger shoppers
cnbc.com· 2024-05-20 14:58
In this article Signage of Macy's, Kohl's and Nordstrom retail stores. Getty Images Department stores are aging — and so are their customers. For over a century, the stores won over multiple generations with a promise to sell shoppers a wide variety of everything. For many Millennial and Gen Z consumers, that hasn't been enough — especially as they discover items on social media and specialty retailers, big-box stores and online players steal away sales. Department stores like Macy's, Kohl's and Nordstrom f ...
Here's Why You Should Retain Nordstrom (JWN) in Your Portfolio
Zacks Investment Research· 2024-05-15 18:51
During the fourth quarter of fiscal 2023, the company witnessed impressive sales growth as Rack comparable- store sales rose in high single digits. Also, the Rack digital business improved in traffic and conversion. During fiscal 2023, it introduced 19 stores and intends to open 22 outlets in fiscal 2024. Going ahead, it further intends to roll out to more markets. Additionally, Nordstrom is making efforts to enhance the customer experience through faster delivery. The company delivered more than 50 basis p ...
Why Nordstrom (JWN) Could Beat Earnings Estimates Again
Zacks Investment Research· 2024-05-08 17:11
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Nordstrom (JWN) . This company, which is in the Zacks Retail - Apparel and Shoes industry, shows potential for another earnings beat.This department store operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past tw ...