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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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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Nordstrom shares (JWN) fell over 10% in early trading on Friday after the retailer reported a drop in sales amid a broader decline in discretionary spending and executives warned about record levels of retail theft.

Nordstrom Shares Tumble After Reporting Sales Drop and Record Theft

Nordstrom joins Dick's Sporting Goods, Ulta Beauty, and Target in attributing theft to a drop in sales.

Nordstrom CEO reports ‘historical highs' in losses from theft: ‘We find it unacceptable'

Diluted earnings per share were $0.84 compared to last year's second quarter results of $0.77.

Nordstrom Reports Second Quarter And Focuses On Nordstrom Rack Stores

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No Nvidia-like buzz for Marvell Despite surpassing market expectations with its Q2 results, Marvell Technology (NASDAQ:MRVL) stock slid in premarket, extending a near 7% decline from the previous day. The stock was down 4.4%, trading at $54.76 per share.

The Premarket: Marvell Tech, GAP Inc, Intuit, Nordstrom

Nordstrom, Inc. (NYSE:JWN ) Q2 2023 Earnings Conference Call August 24, 2023 4:45 PM ET Company Participants Sara Penner - Manager, IR Erik Nordstrom - CEO Pete Nordstrom - President and Chief Brand Officer Cathy Smith - CFO Conference Call Participants Ashley Owens - KeyBanc Capital Markets Brooke Roach - Goldman Sachs Dana Telsey - Telsey Advisory Group Edward Yruma - Piper Sandler Blake Anderson - Jefferies Oliver Chen - TD Cowen Matthew Boss - JPMorgan Operator Greetings, and welcome to the Nordstrom Second Quarter 2023 Earnings Conference Call. [Operator Instructions] And as a reminder this conference is being recorded.

Nordstrom, Inc. (JWN) Q2 2023 Earnings Call Transcript

Ulta Beauty

Fed Chair Powell's speech at Jackson Hole tomorrow gains focus, and Nordstrom, Gap and Ulta all posted solid earnings beats.

Q2 Retailers GPS, JWN, ULTA Beat Ahead of Jackson Hole

Lots of big retailers this summer are talking about theft, and how it's hurting profit. But when an analyst asked department-store chain Nordstrom Inc. JWN, -4.38% about the subject on Thursday, following a massive late-afternoon robbery at one of its stores this month in California, executives said levels of theft haven't been beyond what they expected.

Retailers are raising the alarm about theft. For this chain, it's been ‘within our plans'

Nordstrom (JWN) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.81 per share a year ago.

Nordstrom (JWN) Surpasses Q2 Earnings and Revenue Estimates

Markets gave up early gains to fall sharply. Marvell Technology reported declines in revenue but hopes for a turnaround in short order.

These 2 Stocks Are Falling Further After a Bad Day on Wall Street

Intuit Inc. (NASDAQ:INTU) shares fell 1.7% after the bell Thursday after the company issued underwhelming revenue guidance.  The company posted revenue of $2.71 billion, up 12% year-over-year, and adjusted earnings of $1.66 per share for its fiscal fourth quarter.

The Afterhours: Intuit, Gap, Nordstrom

Nordstrom, Inc. (NYSE:JWN) reported better-than-expected sales and earnings for the second quarter and reaffirmed its 2023 guidance, sending its shares about 3% higher in after-hours trading on Thursday.  For the three months ended July 29, 2023, the department store chain's earnings per share (EPS) were $0.84 compared to EPS of $0.77 and adjusted EPS of $0.81 for the same period in 2022.

Nordstrom sales declined less than expected during 2Q; retailer reaffirms guidance

Shares of Nordstrom Inc. rallied after hours on Thursday after the upscale department-store chain reported second-quarter results that topped Wall Street's estimates, helped by better results at its namesake stores and its off-price Nordstrom Rack locations.

Nordstrom shares rally as better figures for namesake stores and Nordstrom Rack help quarterly results

Nordstrom on Thursday surpassed Wall Street's quarterly sales and earnings expectations, as it showed signs of progress in turning around its lagging business. Yet despite a sizable beat, the retailer stuck with its previous full-year outlook – signaling caution about the coming months.

Nordstrom tops Wall Street's quarterly expectations, even as it braces for sales declines

Reports EPS of $0.84, compared to EPS of $0.77 and adjusted EPS of $0.81 in the prior year1 Results reflect continued 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 , Aug. 24, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported second quarter net earnings of $137 million, or earnings per diluted share ("EPS") of $0.84, and earnings before interest and taxes ("EBIT") of $192 million. For the second quarter ended July 29, 2023, net sales decreased 8.3 percent versus the same period in fiscal 2022, compared to a decrease of 11.6 percent in the first quarter, reflecting sequential improvement in sales at both Nordstrom and Nordstrom Rack.

Nordstrom Reports Second Quarter 2023 Earnings

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Retail stocks including Dick's Sporting Goods and Foot Locker took hard hits this week on turns in consumer spending and analyst sentiment.

Retailers Raise Red Flags; Analysts Turn Cautious Amid Divergent Results; Lululemon, Dollar Tree, More To Report

Nordstrom, Inc. (NYSE:JWN) is expected to report lower sales and profits for the second quarter when compared to the same period in 2022 when the fashion retailer hands down its latest financial results on Thursday, August 24. Curbed consumer spending due to the current macroeconomic environment is expected to weigh on Nordstrom's performance during the quarter.

Nordstrom 2Q sales slump anticipated amid Canadian operation wind-down

Kohl's

Bearish commentary from some retailers, including Macy's, paints a worrying picture of American consumers.

Department Stores Are Maxed Out

Affirm

After U.S. markets closed on Tuesday, Toll Brothers beat earnings per share (EPS) and revenue estimates.

Earnings Preview: Affirm, Gap, Marvell, Nordstrom

After bouncing nicely off a two-and-a-half-year low, Nordstrom has fallen nearly 20% this month. And with the recovering department store operator reporting second-quarter results after the close on August 24th, this is shaping up to be an ideal ‘buy the dip' opportunity.

Nordstrom: 3 Reasons the Pre-Earnings Dip Is an Opportunity

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.

News for Nordstrom Stock (JWN)