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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Earnings data Q3 2024

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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SEATTLE , Sept. 4, 2024 /PRNewswire/ -- The special committee of the Board of Directors of Nordstrom, Inc. (NYSE: JWN) today confirmed receipt of a proposal from Erik and Pete Nordstrom, other members of the Nordstrom family, and El Puerto de Liverpool, S.A.B.

Special Committee of Nordstrom Board Confirms Receipt of Going-Private Transaction Proposal from Nordstrom Family and Liverpool

Nordstrom's founding family on Wednesday offered to buy the department store chain for $23.00 per share in cash.

Nordstrom's founding family offers to buy department store for $23 per share

It's a tale of two retail department stores on the opposite ends of the financial spectrum. Nordstrom Inc. NYSE: JWN stock is trading up 21% year-to-date (YTD), while Macy's Inc. (NYSE: M) stock is trading down 22.6% YTD.

Nordstrom's Winning Formula: 3 Factors Behind the Stock's Success

Retail earnings season has been a mix of hits and misses over the past few weeks, with industry giants like Walmart and Target beating sales expectations with help from aggressive discounts while Macy's and others have posted tepid numbers and disappointing guidance. Embattled discount chain Dollar General saw its stock crater 30% on Friday after it lowered its sales outlook and indicated that its core customers were simply too strapped for cash to shop there.

Nordstrom Rack is opening almost two dozen new locations in 2024. Here's a full list and map

Nordstrom, Inc.'s Q2 2024 earnings report showed a surprising profitability boost, with EPS beating expectations and gross profit margin reaching its highest since Q1 2022. The company's growth is driven by its Nordstrom Rack segment, which saw an 8.8% YoY sales increase, but this may pressure overall margins. Despite positive earnings, macroeconomic headwinds and a significant YoY inventory build raise concerns about future performance and profitability.

Nordstrom: Was Q2 2024 Profitability Improvement A Signal Or Just Noise?

Nordstrom (JWN) shares jumped Wednesday, a day after posting better-than-expected second-quarter results.

Nordstrom Stock Jumps Amid Strong Earnings, Rack Sales

Shares of Nordstrom Inc JWN climbed in early trading on Wednesday, after the company reported upbeat second-quarter earnings.

Nordstrom Beats Q2 Earnings But Guidance Shows A Decline In This Key Matrix: 4 Analysts Revise Forecasts

Kohl's

Retail stocks across the sector are dealing with the fallout from their corporate reports this morning.

2 Retail Stocks Moving Higher After Earnings

JWN's second-quarter earnings results benefit from Anniversary Sale timing, which led to the shift of one week from the third quarter to the second quarter.

Nordstrom Stock Gains on Q2 Earnings Beat, Updated FY24 Outlook

The department-store chain smashed expectations and slightly raised its full-year guidance.

Nordstrom Stock Surges After Blowout Earnings

Nordstrom, Inc. (NYSE:JWN ) Q2 2024 Earnings Conference Call August 27, 2024 4:45 PM ET Company Participants James Duies - Head, IR Erik Nordstrom - CEO Peter Nordstrom - President Cathy Smith - CFO Conference Call Participants Dana Telsey - Telsey Advisory Group Oliver Chen - TD Cowen Simeon Siegel - BMO Capital Markets Lorraine Hutchinson - Bank of America Alex Straton - Morgan Stanley Chuck Gron - Gordon Haskett Blake Anderson - Jefferies Dylan Carden - William Blair Paul Lejuez - Citigroup Operator Greetings, and welcome to the Nordstrom Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Nordstrom, Inc. (JWN) Q2 2024 Earnings Call Transcript

Digital sales are climbing steadily at Nordstrom, and displaying a consistent upward trajectory. During the company's second-quarter earnings call Tuesday (Aug. 27), CEO Erik Nordstrom said digital sales increased 6.2%, accounting for 37% of total sales and the fifth consecutive quarter of improvement.

Digital Transactions Now 37% of Nordstrom's Total Sales, CEO Says

Ambarella

Nordstrom (JWN), PVH (PVH), Box (BOX) and Ambarella (AMBA) all beat Q2 earnings estimates.

Boring Regular Trading, Big After-Market on Q2 Beats: JWN, AMBA, BOX

Although the revenue and EPS for Nordstrom (JWN) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Nordstrom (JWN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Nordstrom (JWN) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.84 per share a year ago.

Nordstrom (JWN) Beats Q2 Earnings and Revenue Estimates

Nordstrom reported an increase in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as consumers remain cautious amid inflationary pressures.

Nordstrom posts higher quarterly sales buoyed by demand for Anniversary Sale event

Nordstrom handily beat Wall Street's earnings estimates as its efforts to cut costs and boost efficienies begin to bear fruit. Despite the strong earnings beat, the company issued tepid guidance for the full year as it contends with softening demand for luxury goods.

Nordstrom easily beats earnings estimates, but issues cautious guidance

Sales positive across both banners and digital during second quarter Reports EPS of $0.72, adjusted EPS of $0.96 1 Updates fiscal 2024 outlook SEATTLE , Aug. 27, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported second quarter net earnings of $122 million, or earnings per diluted share ("EPS") of $0.72, and earnings before interest and taxes ("EBIT") of $190 million. Excluding a charge primarily related to supply chain asset impairment, the Company reported adjusted EBIT of $244 million and adjusted EPS of $0.96.1 For the second quarter ended August 3, 2024, net sales increased 3.4 percent versus the same period in fiscal 2023, and total Company comparable sales increased 1.9 percent.

Nordstrom Reports Second Quarter 2024 Earnings

Nordstrom is scheduled to report earnings after Tuesday's close. The stock hit a record high of $83.16/share in 2015 and is currently trading near $21/share.

Earnings Preview: What To Expect From Nordstrom

Nordstrom, Inc. JWN is set to release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27.

How To Earn $500 A Month From Nordstrom Stock Ahead Of Q2 Earnings Report

Nordstrom (JWN) is set to enhance its store portfolio with the opening of a new Nordstrom Rack in Surprise, AZ, in fall 2025.

Nordstrom (JWN) Set to Launch a Nordstrom Rack Store in Arizona

Evaluate the expected performance of Nordstrom (JWN) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Nordstrom (JWN) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Nordstrom's (JWN) Q2 results are expected to reflect gains from strong brands, digital endeavors and expansion of Rack stores.

Nordstrom (JWN) to Report Q2 Earnings: What's in Store?

SEATTLE , Aug. 20, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Surprise, Ariz. in fall 2025.

Nordstrom Rack to Open New Location in Surprise, Arizona

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.

News for Nordstrom Stock (JWN)