| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-----------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | Q1 2021 EARNINGS CALL | | SENTIALS FORWARD-LOOKING STATEMENTS This presentation contains statements that are forward looking. These statements are based upon current expectations and assumptions that are subject to risks and uncertainties. We may not achieve the results projected in these forward-looking statements, and our actual results could materiall ...

Nordstrom, Inc. (NYSE:JWN) Q1 2021 Earnings Conference Call May 25, 2021 4:45 PM ET Company Participants Michael Maher - Chief Accounting Officer Erik Nordstrom - Chief Executive Officer Anne Bramman - Chief Financial Officer Pete Nordstrom - President, Nordstrom, Inc. and CBO Conference Call Participants Oliver Chen - Cowen Edward Yruma - KeyBanc Capital Markets Omar Saad - Evercore ISI Dana Telsey - Telsey Advisory Group Matthew Boss - JPMorgan Mark Altschwager - Robert W. Baird Steph Wissink - Jefferies ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to___________ Commission file number 001-15059 NORDSTROM, INC. (Exact name of registrant as specified in its charter) Washington 91-05 ...

Nordstrom, Inc. (NYSE:JWN) Q4 2020 Earnings Conference Call March 2, 2021 4:45 PM ET Company Participants Trina Schurman - Director, IR Erik Nordstrom - CEO Anne Bramman - CFO Peter Nordstrom - President and Chief Brand Officer Conference Call Participants Ed Yruma - KeyBanc Capital Markets Dana Telsey - Telsey Advisory Group Omar Saad - Evercore Oliver Chen - Cowen Mark Altschwager - Baird Chuck Grom - Gordon Haskett Matthew Boss - JPMorgan Tracy Kogan - Citi Simeon Siegel - BMO Capital Markets Operator Gr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to___________ Securities registered pursuant to Section 12(b) of the Act: Commission File Number: 001-15059 NORDSTROM, INC. (E ...

Nordstrom, Inc. (NYSE:JWN) Q3 2020 Earnings Conference Call November 24, 2020 4:45 PM ET Company Participants Trina Schurman - Head of Investor Relations Erik Nordstrom - Chief Executive Officer Anne Bramman - Chief Financial Officer Pete Nordstrom - President & Chief Brand Officer Conference Call Participants Edward Yruma - KeyBanc Capital Markets Dana Telsey - Telsey Advisory Group Oliver Chen - Cowen Omar Saad - Evercore Sarah Goldberg - Baird Paul Trussell - Deutsche Bank Tracy Kogan - Citi Michael Bin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 1, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to___________ Commission File Number: 001-15059 (State or other jurisdiction of incorporation or organization) NORDSTROM, INC. ( ...

Nordstrom, Inc. (NYSE:JWN) Q2 2020 Earnings Conference Call August 25, 2020 4:45 PM ET Company Participants Trina Schurman - Director, IR Erik Nordstrom - CEO Anne Bramman - CFO Peter Nordstrom - President and Chief Brand Officer Conference Call Participants Omar Saad - Evercore ISI Ed Yruma - KeyBanc Capital Markets Oliver Chen - Cowen Simeon Siegel - BMO Capital Markets Sarah Goldberg - Baird Paul Trussell - Deutsche Bank Dana Telsey - Telsey Advisory Group Matthew Boss - JPMorgan Paul Lejuez - Citi Micha ...

Q2 2020 EARNINGS CALL NORDSTROM FORWARD-LOOKING STATEMENTS This presentation contains statements that are forward looking. These statements are based upon current expectations and assumptions that are subject to risks and uncertainties. We may not achieve the results projected in these forward looking statements, and our actual results could materially differ because of factors discussed in this event, in the comments made during this presentation, and in the risk factors section of our Form 10-K, Form 10-Q ...

Financial Performance - Net sales for the quarter ended May 2, 2020, were $2,026 million, a decrease of 39.4% compared to $3,349 million for the same quarter in 2019[25] - The company reported a net loss of $521 million for the quarter, compared to net earnings of $37 million in the same quarter of the previous year[28] - Comprehensive net loss for the quarter was $543 million, compared to a comprehensive net earnings of $28 million in the same quarter of the previous year[28] - The company reported a basic loss per share of $3.33 for the quarter, compared to earnings per share of $0.24 in the same quarter of 2019[25] - Total net sales for the quarter ended May 2, 2020, were $2.026 billion, a decrease of 39% from $3.349 billion in the same quarter of 2019[60] - Total net sales decreased by 40% in Q1 2020, with Full-Price sales down 36.2% and Off-Price sales down 45.2% compared to Q1 2019[96] - Earnings per diluted share decreased to ($3.33) in Q1 2020, down $3.56 from the same period in 2019 due to lower sales from COVID-19 impacts[108] - The company reported a net loss of ($521) million for the quarter ended May 2, 2020, compared to net earnings of $37 million in the same period in 2019[130] Assets and Liabilities - Total current assets increased to $3,667 million as of May 2, 2020, from $2,958 million a year earlier, primarily driven by an increase in cash and cash equivalents[30] - Long-term debt increased to $3,264 million as of May 2, 2020, compared to $2,177 million in the same quarter of the previous year, reflecting increased borrowings due to the pandemic[30] - Cash and cash equivalents at the end of the period were $1,355 million, up from $448 million at the same time last year[36] - The balance of contract liabilities decreased to $489 million as of May 2, 2020, down from $576 million as of February 1, 2020[59] - As of May 2, 2020, the carrying value of long-term debt was $3.264 billion, with a fair value estimate of $2.804 billion[69] - The company drew down $800 million on its Revolver and issued $600 million in secured debt financing, ending the quarter with $1,355 million in cash and cash equivalents[124] - As of May 2, 2020, the company had $800 million outstanding under its credit facility, with options to increase the Revolver by up to $200 million[132] Operational Impact of COVID-19 - The company incurred total asset impairment charges of $117 million due to COVID-19, including $94 million related to long-lived assets and $23 million for operating lease right-of-use assets[45] - The company temporarily closed stores starting March 17, 2020, due to COVID-19, significantly impacting financial results[83] - The company recognized $34 million in employee retention payroll tax credits during the quarter as part of the CARES Act[51] - Net cash used in operating activities increased to ($778) million for the quarter ended May 2, 2020, compared to ($31) million in the same period in 2019, primarily due to reduced net earnings from temporary store closures[120] - Free Cash Flow for the quarter ended May 2, 2020, was ($826) million, a decline from ($240) million in the same period in 2019, reflecting significant cash outflows[127] Cost Management and Restructuring - The company incurred $88 million in restructuring costs related to regional and corporate reorganization in Q1 2020[52] - SG&A expenses were $1,122 million, accounting for 55.4% of net sales, with a decrease of $266 million when excluding COVID-19 related charges[103] - The company suspended its quarterly dividend payments and share repurchase program in response to the uncertainty from the COVID-19 pandemic[75] - The company suspended quarterly cash dividends and share repurchases starting in Q2 2020 to conserve cash[93] - The company suspended quarterly cash dividends and share repurchases beginning in the second quarter of 2020, with planned expense savings of $200 to $250 million and further net cash savings of over $500 million in operating expenses, capital expenditures, and working capital for fiscal year 2020[124] Digital Sales and Future Outlook - Digital sales accounted for 54% of total net sales in Q1 2020, up from 31% in Q1 2019[60] - Digital sales accounted for 54% of total net sales, increasing by 5% year-over-year, driven by enhanced marketing and promotional activities[96] - Nordstrom, Inc. reported a significant increase in revenue, with a year-over-year growth of 20% in Q1 2023, reaching $3.5 billion[151] - The company experienced a 15% increase in active customer accounts, totaling 6 million new accounts added in the last quarter[151] - Nordstrom's digital sales accounted for 40% of total sales, reflecting a 25% increase compared to the previous year[151] - The company provided an optimistic outlook, projecting a revenue growth of 10-12% for the upcoming fiscal year[151] - Nordstrom plans to expand its market presence by opening 5 new stores in key metropolitan areas by the end of 2023[151] - The company is investing in new technology to enhance customer experience, with a budget allocation of $50 million for digital transformation initiatives[151] - Nordstrom announced a strategic partnership with a leading logistics firm to improve supply chain efficiency, aiming to reduce delivery times by 30%[151] - The company is focusing on sustainability, with a goal to increase the percentage of sustainable products to 50% by 2025[151] - Nordstrom's recent acquisition of a tech startup is expected to enhance its e-commerce capabilities and drive future growth[151] Profitability and Expenses - Gross profit decreased by $905 million, representing 10.7% of net sales, down from 33.5% in the same period last year[101] - EBIT for Q1 2020 was ($813) million, a decrease of $890 million compared to the same period in 2019, primarily due to lower sales volume and increased markdowns[104] - Capital expenditures decreased to $131 million for the quarter ended May 2, 2020, down from $249 million in the same period in 2019, with capital expenditures as a percentage of net sales at 6.4% compared to 7.4%[122] - The effective tax rate increased to 38.4% in Q1 2020, influenced by the CARES Act allowing for loss carrybacks at higher rates[107]