Nordstrom

Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following segments: Retail and Corporate/Other. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The Corporate/Other segment includes unallocated corporate expenses and assets, inter-segment eliminations, and other adjustments to segment results. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.

Earnings data Q4 2020

Earnings data Q1 2021

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Nordstrom reports Q1 loss, plans Rack expansion amid macro challenges

Nordstrom is focused on improving profitability amidst macroeconomic challenges. The company made progress in supply chain optimization and inventory management. Despite the impact of Canadian operations wind-down, Nordstrom remains confident in the future importance of designer products and expects continued improvement in this area.

Nordstrom reports solid Q2 results, focuses on digital sales and inventory management

Nordstrom's Q2 performance was solid, with a focus on digital sales and inventory management. Challenges include shrinkage and soft traffic trends. Opportunities lie in online growth, appealing to younger customers, and leveraging AI for retail success.

Nordstrom reports Q3 revenue of $3.3B, focuses on improving profitability

Nordstrom's Q3 performance reflects a focus on improving inventory productivity and driving profitability in the digital off-price business. Despite challenges in net sales and the wind down of Canadian operations, the company is optimistic about driving profitable growth and maintaining good inventory levels to meet customer demand.

Nordstrom reports Q4 growth, eyes digital expansion amid revenue challenges

Nordstrom's Q4 performance reflects revenue growth and successful inventory management, but challenges lie in customer pullback and revenue decline projections for 2023.
Strengths include strong ROI from Rack stores, digital growth potential, and focus on inventory optimization, while challenges include customer trends and credit revenue declines.
Opportunities in investments, store expansion, and operational enhancements position Nordstrom for future growth and profitability.
Overall, Nordstrom aims to navigate challenges, capitalize on strengths, and leverage opportunities to drive sustainable growth and enhance shareholder value.

Nordstrom reports mixed Q1 results, focuses on profitability and growth

Nordstrom's Q1 performance showed mixed results with improvements in Rack sales and inventory productivity but challenges in the designer category.
The company is strategically focused on profitability, supply chain optimization, and leadership additions to drive growth.
While facing macroeconomic pressures and customer demand challenges, Nordstrom sees opportunities in network enhancements and brand penetration.
Overall, Nordstrom remains committed to navigating challenges, improving performance, and capitalizing on growth opportunities in 2023.

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Nordstrom (JWN) Q2 results are expected to reflect the continued impacts of muted customer demand, the closure of its Canada business and increased costs, while growth efforts have been on track.

Will Soft Demand & Costs Mar Nordstrom's (JWN) Q2 Earnings?

Nordstrom (JWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Nordstrom (JWN) to Report a Decline in Earnings: What to Look Out for

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SEATTLE , Aug. 4, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Queen Creek, Arizona.

Nordstrom Rack to Open New Location in Queen Creek, Arizona

SEATTLE , Aug. 3, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its second quarter 2023 financial results after the close of the financial markets on Thursday, August 24, 2023. The announcement will be followed by a conference call at 4:45 p.m.

Nordstrom to Report Second Quarter 2023 Financial Results on August 24

Nordstrom (JWN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Nordstrom (JWN) Moves to Buy: Rationale Behind the Upgrade

Despite facing headwinds from the inflation-led drab demand, Nordstrom (JWN) is likely to grow on an improved Rack performance, supply-chain efficiencies and its long-term strategy.

Can Growth Endeavors Aid Nordstrom (JWN) Amid Demand Concerns?

Nordstrom (JWN) reported earnings 30 days ago. What's next for the stock?

Nordstrom (JWN) Up 26% Since Last Earnings Report: Can It Continue?

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Why Nordstrom (JWN) is a Top Growth Stock for the Long-Term

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A slew of companies have indicated in the past few months that they will exit locations in San Francisco's downtown area, moves AT&T, Westfield and Nordstrom recently said they would also make.

AT&T, Westfield Mall, Nordstrom lead San Francisco downtown exodus

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Shares of Nordstrom NYSE: JWN are trading higher by nearly 2% on Thursday's trading session on the back of adjusted earnings per share beat. While analysts expected a loss of $0.11 per share, the company surprised investors and markets alike by reporting adjusted earnings per share of $0.07.

Nordstrom's Earnings Beat, A Rally In The Making

Nordstrom reported a surprise quarterly profit and better-than-expected revenue.

Nordstrom Posts Unexpected Profit and Shares Rise

Nordstrom's (JWM) Q1 results reflect gains from the progress on its key priorities, improved trends at Nordstrom Rack and gross margin expansion, partly negated by the closure of Canada operations.

Nordstrom (JWN) Gains as Q1 Earnings & Sales Beat Estimates

Nordstrom Inc (NYSE:JWN) reported a surprise first-quarter profit of 7 cents per share this morning, compared to the losses of 13 cents per share analysts anticipated.

Options Traders Blast Nordstrom Stock After Surprise Profit

In the previous quarter, PYMNTS dubbed Nordstrom's strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven itself resilient by posting a surprise quarterly profit and surpassing revenue estimates.

Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth

Nordstrom, Inc. (NYSE:JWN) has posted an unexpected first-quarter profit per share, sending its shares higher in pre-market trade on Thursday. The department store chain reported an 11.6% slide in net sales to $3.06 billion for the quarter to April 29, 2023, as it wound down its Canadian operations to focus on its US business.

Nordstrom shares set to rise after it delivers 1Q earnings surprise

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Shares of Nordstrom Inc. JWN, +3.01% rose 7% in premarket trading on Thursday after the upscale department-store chain reported better-than-expected first-quarter results and held to its full-year outlook, despite what executives said was as an “uncertain” economic backdrop.

Earnings results see Nordstrom climbs, Victoria's Secret, CrowdStrike and AI group C3.ai slump

Nordstrom Inc. (NYSE:JWN ) Q1 2023 Earnings Conference Call May 31, 2023 4:45 PM ET Company Participants Sara Penner - IR Erik Nordstrom - CEO Pete Nordstrom - President & Chief Brand Officer Michael Maher - Chief Accounting Officer Conference Call Participants Ed Yruma - Piper Sandler Ashley Helgans - Jefferies Chuck Grom - Gordon Haskett Brooke Roach - Goldman Sachs Group Noah Zatzkin - KeyBanc Matthew Boss - JPMorgan Dana Telsey - Telsey Advisory Group Alex Straton - Morgan Stanley Simeon Siegel - BMO Capital Markets Lorraine Hutchinson - Bank of America Janet Kloppenburg - JJK Operator Greetings, and welcome to the Nordstrom First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Nordstrom Inc. (JWN) Q1 2023 Earnings Call Transcript

The headline numbers for Nordstrom (JWN) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Nordstrom (JWN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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Nordstrom (JWN) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.12 per share. This compares to loss of $0.06 per share a year ago.

Nordstrom (JWN) Q1 Earnings and Revenues Beat Estimates

Shares of Nordstrom Inc. ran higher after hours on Wednesday after the upscale department-store chain reported better-than-expected first-quarter results and held to its full-year outlook, despite what executives characterized as an “uncertain” economic backdrop that has dampened demand for clothing.

Nordstrom rallies on earnings, but wind-down of Canadian operations weigh on sales

The high-end department store reaffirmed its full-year outlook and posted a surprise profit on an adjusted basis.

Nordstrom tops Wall Street's first-quarter sales expectations, even as shoppers spend less

Company reports loss of $1.27 per share, adjusted earnings of $0.07 per share1 Results reflect progress on Company's key priorities of Nordstrom Rack improvement, inventory productivity and supply chain optimization Reaffirms fiscal 2023 revenue and adjusted earnings outlook SEATTLE , May 31, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported a first quarter net loss of $205 million and loss per diluted share of $1.27. Excluding charges related to the wind-down of Canadian operations, the Company reported adjusted earnings per diluted share ("EPS") of $0.07.1 For the first quarter ended April 29, 2023, net sales decreased 11.6 percent versus the same period in fiscal 2022, including a 175 basis point negative impact from the wind-down of Canadian operations, and gross merchandise value ("GMV") decreased 11.9 percent.

News for Nordstrom Stock (JWN)