Nordstrom, Inc. (JWN) posted fourth-quarter fiscal 2023 results, wherein both revenues and earnings surpassed their respective Zacks Consensus Estimate. The company posted adjusted earnings of 96 cents per share, up 29.7% from the year-ago quarter’s reported figure of 74 cents. The figure also surpassed the consensus estimate of 90 cents per share.Total revenues of $4,420 million rose 2.3% year over year and surpassed the Zacks Consensus Estimate of $4,403 million. Sales were aided by growth across the Nord ...

Key TakeawaysNordstrom shares fell sharply in premarket trading Wednesday after the upscale retailer issued a disappointing fiscal 2024 outlook.Sales at the mall anchor’s namesake banner stores slipped 3% from last year's equivalent quarter but grew nearly 15% at its Nordstrom Rack off-price brand, indicating price-conscious customers were prioritizing value when shopping over the holiday period.The Nordstrom share price may find support between the 50- and 200-day moving averages from $17.52 to $19.09. Sha ...

Nordstrom, Inc. (NYSE:JWN) Q4 2023 Results Conference Call March 5, 2024 4:45 PM ET Company Participants James Duies - Head of Investor Relations Erik Nordstrom - Chief Executive Officer Cathy Smith - Chief Financial Officer Conference Call Participants Blake Anderson - Jefferies Ed Yruma - Piper Sandler Brooke Roach - Goldman Sachs Dana Telsey - Telsey Advisory Group Neil Goh - TD Cowen Warren Chang - Evercore ISI Lorraine Hutchinson - Bank of America Operator Greetings, and welcome to the Nordstrom Fourth ...

For the quarter ended January 2024, Nordstrom (JWN) reported revenue of $4.42 billion, up 2.3% over the same period last year. EPS came in at $0.96, compared to $0.74 in the year-ago quarter.The reported revenue represents a surprise of +0.38% over the Zacks Consensus Estimate of $4.4 billion. With the consensus EPS estimate being $0.90, the EPS surprise was +6.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Nordstrom (JWN) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this department store operator would post earnings of $0.13 per share when it actually produced earnings of $0.25, delivering a surprise of 92.31%.Over the last four quarters, th ...

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Nordstrom's holiday-quarter sales topped Wall Street's expectations on Tuesday, but the retailer gave a muted outlook for the year ahead. The Seattle-based company said it plans to open new Nordstrom Rack stores and drive higher online and in-store sales in the coming year. Yet it said full-year revenue, including retail sales and credit cards, will range from a 2% decline to a 1% gain compared with the previous year. That forecast includes a more than 1% hit from having one fewer week in the fiscal year.No ...

For the fourth quarter, total Company net sales increased 2.2 percent versus the same period in fiscal 2022, inclusive of approximately $190 million related to the 53rd week, and gross merchandise value ("GMV") increased 2.0 percent. Nordstrom banner net sales decreased 3.0 percent and GMV decreased 3.4 percent compared with the fourth quarter of 2022. Net sales for Nordstrom Rack increased 14.6 percent. "We delivered on our 2023 guidance and are confident in our expectations for continued sales improvement ...

Nordstrom, Inc. (JWN) is scheduled to release fourth-quarter fiscal 2023 results on Mar 5 after the closing bell. This fashion specialty retailer is expected to have witnessed revenue and earnings growth in the to-be-reported quarter.The Zacks Consensus Estimate for fiscal fourth-quarter earnings is pegged at 90 cents per share, suggesting an increase of 21.6% from the year-ago quarter’s reported figure. The consensus mark for earnings has moved down a penny in the past 30 days. The consensus estimate for r ...

Analysts on Wall Street project that Nordstrom (JWN) will announce quarterly earnings of $0.90 per share in its forthcoming report, representing an increase of 21.6% year over year. Revenues are projected to reach $4.4 billion, increasing 2% from the same quarter last year.The current level reflects a downward revision of 26.2% 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 projections ove ...