Nordstrom Reports First Quarter 2024 Earnings

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 ...