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

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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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Results from the retail sector are a mixed bag, revealing shifting consumer habits that will impact results for the remainder of the year. Stocks like Ross Stores NASDAQ: ROST and Nordstrom NYSE: JWN are trending strongly because of it, but not in the same direction.

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Nordstrom announced slightly better-than-expected fiscal Q4 results. But the department store chain also issued weak forward guidance, missing earnings estimates and warning sales could decline this fiscal year.

Why Nordstrom Stock Dropped Today

Nordstrom (JWN) posts solid fourth-quarter fiscal 2023 results. Sales at the Nordstrom Rack banner increase 14.6% year over year.

Nordstrom (JWN) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

Shares in upscale department store chain Nordstrom (JWN) fell sharply ahead of Wednesday's opening bell after the company issued a softer than expected full-year outlook as customers have become more price-sensitive.

Nordstrom Stock Drops After Full-Year Sales Outlook Disappoints—Key Level to Watch

Nordstrom, Inc. (NYSE:JWN ) Q4 2023 Results Conference Call March 5, 2024 4:45 PM ET Company Participants James Duies - Head of Investor Relations Erik Nordstrom - Chief Executive Officer Cathy Smith - Chief Financial Officer Conference Call Participants Blake Anderson - Jefferies Ed Yruma - Piper Sandler Brooke Roach - Goldman Sachs Dana Telsey - Telsey Advisory Group Neil Goh - TD Cowen Warren Chang - Evercore ISI Lorraine Hutchinson - Bank of America Operator Greetings, and welcome to the Nordstrom Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Nordstrom, Inc. (JWN) Q4 2023 Earnings Call Transcript

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

Compared to Estimates, Nordstrom (JWN) Q4 Earnings: A Look at Key Metrics

Nordstrom (JWN) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.74 per share a year ago.

Nordstrom (JWN) Beats Q4 Earnings and Revenue Estimates

Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain's full-year forecast disappointed investors.

Nordstrom shares fall on disappointing forecast

Nordstrom Rack revenue jumped nearly 15%, suggesting consumers are prioritizing value.

Nordstrom Stock Tumbles After Earnings. Soft Guidance Strikes Again.

Nordstrom, Inc. (NYSE:JWN) shares tumbled almost 10% afterhours as the embattled department store issued weak profit guidance for fiscal 2024 which overshadowed a stronger-than-expected performance during the holiday quarter.   It said it expects to report earnings per share (EPS) in the range of $1.65 to $2.05 for fiscal 2024, below Wall Street estimates of $2.07.

Nordstrom's weak 2024 guidance sends shares lower despite 4Q earnings beat

Nordstrom forecast annual revenue and profit largely below Wall Street expectations on Tuesday, signaling a slower-than-expected rebound in demand even as consumers see some relief from easing inflationary pressures.

Nordstrom's weak 2024 forecasts overshadow strong holiday-quarter sales

The department store retailer said revenue for the year ahead will range from a 2% decline to a 1% gain compared with the previous year.

Nordstrom ekes out a revenue beat, but warns of potential declines in 2024

Revenue and earnings in line with fiscal 2023 outlook Sales in both banners improve sequentially, Nordstrom Rack posts double-digit growth during quarter Company provides fiscal 2024 outlook SEATTLE , March 5, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported fourth quarter net earnings of $134 million, or $0.82 per diluted share ("EPS"), for the 14-week quarter ended February 3, 2024. Excluding a supply chain asset impairment and related charge, the Company reported adjusted EPS of $0.96.1 For the 53-week fiscal year ended February 3, 2024, net earnings were $134 million and diluted EPS was $0.82, with earnings before interest and taxes ("EBIT") of $251 million, or 1.8 percent of sales.

Nordstrom Reports Fourth Quarter 2023 Earnings

Nordstrom's (JWN) fourth-quarter fiscal 2023 numbers are likely to show gains from the expansion of the Nordstrom Rack and its digital capabilities.

Nordstrom (JWN) to Report Q4 Earnings: What's in the Offing?

Besides Wall Street's top -and-bottom-line estimates for Nordstrom (JWN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended January 2024.

Seeking Clues to Nordstrom (JWN) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

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.

Nordstrom (JWN) Reports Next Week: Wall Street Expects Earnings Growth

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The retail sector is in focus with the earnings releases of big retailers coming up. The sector is expected to report earnings growth of 28.1% on 6.4% revenue growth.

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Nordstrom (JWN) reveals plans to open a Nordstrom Rack in Manalapan Township, NJ in spring 2025.

Nordstrom (JWN) Plans to Introduce a Rack Store in New Jersey

SEATTLE , Feb. 13, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its fourth quarter 2023 financial results after the close of the financial markets on Tuesday, March 5, 2024. The announcement will be followed by a conference call at 4:45 p.m.

Nordstrom to Report Fourth Quarter 2023 Financial Results on March 5

SEATTLE , Feb. 13, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Manalapan Township, New Jersey in spring 2025.

Nordstrom Rack to Open New Location in Manalapan Township

SEATTLE , Feb. 6, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Geneva, Illinois in spring 2025.

Nordstrom Rack to Open New Location in Geneva, Illinois

Nordstrom (JWN) is set to expand in North Carolina with its new stores in Raleigh and Matthews, focusing on enhancing the shopping experience and community engagement as part of its growth strategy.

Nordstrom (JWN) to Expand With New Racks in North Carolina

Global Net Lease

SEATTLE , Jan. 30, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open two new Nordstrom Rack  stores in North Carolina.

Nordstrom Rack to Open Two New North Carolina Stores in Raleigh and Matthews

SEATTLE , Jan. 25, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Fort Myers, Florida in fall 2024.

Nordstrom Rack to Open New Location in Fort Myers, Florida

Nordstrom's (JWN) focus on the improvement of the Nordstrom Rack looks encouraging. Its digital efforts are also appreciated.

News for Nordstrom Stock (JWN)