Nordstrom (JWN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power ...

SEATTLE, Dec. 11, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Lubbock, Texas in fall 2025."We look forward to being a part of the Lubbock community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Lubbock market and introduce new customers to the Nordstrom experience."  Lionello added that in this ...

Nordstrom, Inc. (JWN) posted third-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate and improved year over year. However, the Anniversary Sale timing, which led to the shift of one week from the third quarter to the second quarter, affected results.This Seattle, WA-based company posted adjusted earnings of 33 cents a share, which surpassed the Zacks Consensus Estimate of 23 cents and improved 32% from the 25 cents reported in the year-ago period. Total revenues ...

Nordstrom, Inc. JWN shares are trading lower on Wednesday.For the third quarter, the company’s net sales increased 4.6% compared to the same period in fiscal 2023, total company comparable sales increased 4.0%, and gross merchandise value increased 5.3%. JP Morgan analyst Matthew R. Boss reiterated the Underweight rating on the stock, raising the price forecast to $21 from $20.The analyst notes that despite favorable conditions for Nordstorm’s core customer base, including high personal savings rates, low d ...

NEW YORK, Nov. 27, 2024 /PRNewswire/ -- This holiday season, Nordstrom NYC's flagship on 57th Street will be immersed in a world of wonder as part of the Wonder All the Way campaign and display, The Blizz on 57th Street. This activation celebrates the spirit of holiday magic and the timeless joy of seeing the world through limitless wonder. Photo Credit: Nordstrom/Jack Koto Photo Credit: Nordstrom/Jack Koto The festive takeover transforms the flagship to create both a shopping destination and a visua ...

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Core Insights - Nordstrom's digital sales and overall customer experience enhancements contributed to growth in net and comparable sales, margin expansion, and an increased customer base in the third quarter [1][3]. Sales Performance - Both Nordstrom and Nordstrom Rack achieved 4% comparable sales growth, with digital sales growing over 6%, marking the fourth consecutive quarter of positive total company net sales growth [2][3]. - Net sales increased by 4.6% to $3.34 billion, with digital sales accounting for 34% of total sales during the quarter [3]. Customer Experience - The company reported improvements in customer metrics, including increased customer count, customer trips, and average order per trip across both banners [2][3]. - Investments in digital platforms, including website and app enhancements, have been pivotal in improving customer experience [4]. Operational Efficiency - Operational optimization efforts have led to over 40% improvement in the speed of customer returns, allowing for quicker processing and reintegration of items into inventory [5][6]. - The supply chain team's efforts have supported new store openings and positioned the company well for the holiday season in terms of inventory flow, staffing, and shipping capacity [7]. Outlook - Despite a slight slowdown in sales at the end of October, the company remains optimistic about the holiday season, citing strong execution of strategies and commitment to customer service [7].

For the quarter ended October 2024, Nordstrom (JWN) reported revenue of $3.46 billion, up 4.3% over the same period last year. EPS came in at $0.33, compared to $0.25 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.33 billion, representing a surprise of +3.99%. The company delivered an EPS surprise of +43.48%, with the consensus EPS estimate being $0.23.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Nordstrom, Inc. (NYSE:JWN) Q3 2024 Earnings Call Transcript November 26, 2024 4:45 PM ET Company Participants Jamie Duies - Head of IR Erik Nordstrom - CEO Pete Nordstrom - President Cathy Smith - CFO Conference Call Participants Brooke Roach - Goldman Sachs Simeon Siegel - BMO Capital Markets Oliver Chen - TD Cowen Dana Telsey - Telsey Advisory Group Alex Straton - Morgan Stanley Tracy Kogan - Citigroup Blake Anderson - Jefferies Chuck Gron - Gordon Haskett Operator Greetings and welcome to the Nordstrom T ...

Nordstrom (JWN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.48%. A quarter ago, it was expected that this department store operator would post earnings of $0.74 per share when it actually produced earnings of $0.96, delivering a surprise of 29.73%.Over the last four quarters, t ...