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.

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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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I am downgrading Nordstrom stock to a hold rating as the stock has surpassed my target price of $23.80, now trading at $24.60. JWN's 3Q24 earnings showed strong retail sales growth of 4.6% y/y, with EPS significantly beating forecasts, but management maintained their FY24 EPS outlook. Demand remains robust, with notable performance in both full-line and Rack segments, but inventory levels are a concern, potentially impacting future margins.

Nordstrom: Rating Downgrade As Upside No Longer Attractive

Department-store chain Nordstrom (JWN) on Tuesday boosted the low end of its full-year projections, although it warned that there was a “noticeable decline” in sales trends at the end of last month.

Nordstrom CEO Notes ‘Noticeable Decline' in Sales Trends

NEW YORK , Nov. 27, 2024 /PRNewswire/ -- This holiday season, Nordstrom NYC's flagship on 57th Street will be immersed in a world of wonder as part of the Wonder All the Way campaign and display, The Blizz on 57th Street. This activation celebrates the spirit of holiday magic and the timeless joy of seeing the world through limitless wonder.

NORDSTROM NYC TRANSFORMS WITH THE BLIZZ ON 57TH STREET HOLIDAY TAKEOVER STARRING JOHN WATERS AND FRAN DRESCHER

Nordstrom, Inc. (NYSE:JWN) shares headed slightly lower after hours as the US department store chain reported third-quarter earnings and kept guidance unchanged. Adjusted earnings per share of $0.33 and $3.46 billion in revenue were both ahead of expectations.

Nordstrom shares set to dip as guidance held steady

Nordstrom (JWN -1.12%), the high-end department store chain known for luxury and accessibility, released its third-quarter earnings for 2024 on Nov. 26. The company reported adjusted earnings per share (EPS) of $0.33, outperforming the analyst estimate of $0.22.

Nordstrom Tops EPS, Revenue Forecast

While digital sales continued to perform well at Nordstrom, enhancements to the overall customer experience paid off as well, according to CEO Erik Nordstrom.

Nordstrom's Digital Sales and Enhanced Customer Experience Drive Growth in Q3

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Markets Mostly Up; Big Afternoon for Earnings

Although the revenue and EPS for Nordstrom (JWN) give a sense of how its business performed in the quarter ended October 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) Q3 Earnings: A Look at Key Metrics

Nordstrom, Inc. (NYSE:JWN ) Q3 2024 Earnings Call Transcript November 26, 2024 4:45 PM ET Company Participants Jamie Duies - Head of IR Erik Nordstrom - CEO Pete Nordstrom - President Cathy Smith - CFO Conference Call Participants Brooke Roach - Goldman Sachs Simeon Siegel - BMO Capital Markets Oliver Chen - TD Cowen Dana Telsey - Telsey Advisory Group Alex Straton - Morgan Stanley Tracy Kogan - Citigroup Blake Anderson - Jefferies Chuck Gron - Gordon Haskett Operator Greetings and welcome to the Nordstrom Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Nordstrom, Inc. (JWN) Q3 2024 Earnings Call Transcript

Nordstrom (JWN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.25 per share a year ago.

Nordstrom (JWN) Tops Q3 Earnings and Revenue Estimates

Department-store chain Nordstrom Inc. on Tuesday offered up a slightly more optimistic full-year sales outlook and reported third-quarter results that beat analysts' expectations, helped by demand for women's clothing and gains at its off-price Rack stores.

Nordstrom nudges its sales outlook higher. And its off-price stores continue to help results.

Nordstrom beat third-quarter revenue and profit estimates on Tuesday, helped by rising demand for popular brands including On Running, Hoka and Vuori at its department stores.

Nordstrom beats quarterly estimates, breaking weak demand trend at department stores

Nordstrom tops Wall Street's earnings expectations, as shoppers buy more clothes and shoes

Positive sales growth at both banners during third quarter, driving margin expansion Reports EPS of $0.27, adjusted EPS of $0.33 1 Updates fiscal 2024 revenue and comparable sales outlook SEATTLE , Nov. 26, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported third quarter net earnings of $46 million, or earnings per diluted share ("EPS") of $0.27, and earnings before interest and taxes ("EBIT") of $83 million. Excluding a charge related to accelerated technology depreciation, the Company reported adjusted EBIT of $97 million and adjusted EPS of $0.33.

Nordstrom Reports Third Quarter 2024 Earnings

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GAP Stock Spikes 13% on Holiday Cheer & Raised Outlook: Time to Buy?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Nordstrom (JWN) Right Now?

JWN's strategic efforts, the expansion of Nordstrom Rack and the enhancement of digital capabilities position it well with strong Q3 earnings.

Nordstrom Q3 Earnings on the Horizon: Key Insights for Investors

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Nordstrom (JWN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.

What Analyst Projections for Key Metrics Reveal About Nordstrom (JWN) Q3 Earnings

SEATTLE , Nov. 20, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today the approval by its board of directors of a quarterly dividend of 19 cents per share payable on December 18, 2024, to shareholders of record at the close of business on December 3, 2024. ABOUT NORDSTROM At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best.

Nordstrom Board of Directors Approves Quarterly Dividend

JWN plans to expand its presence in Florida with a new Rack store in the Lakeside Village, offering a varied collection of high-quality brands at reasonable prices.

Nordstrom Expands Footprint by Opening Store in Florida's Lakeland

SEATTLE , Nov. 19, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Lakeland, Florida in fall 2025. "We look forward to being a part of the Lakeland community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack.

Nordstrom Rack to Open New Location in Lakeland, FL

Nordstrom (JWN) possesses 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) Expected to Beat Earnings Estimates: Should You Buy?

JWN plans to expand its presence in Idaho, with the opening of a new Nordstrom Rack store at the Village at Meridian.

Nordstrom's Store Endeavors on Track, New Store Coming Up in Idaho

SEATTLE , Nov. 14, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Meridian, Idaho in fall 2025. "We look forward to being a part of the Meridian community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack.

Nordstrom Rack to Open New Location in Meridian, Idaho

Nordstrom Unveils a Refreshed App to Make Holiday Shopping More Seamless, Find Perfect Gifts for Everyone in Store and Online SEATTLE , Nov. 12, 2024 /PRNewswire/ -- This season, Nordstrom is making holiday shopping even easier with a refreshed mobile app, bringing the richness of shopping in store to the digital experience. Whether customers choose to shop in store or online, they can enjoy convenient services like gift finding and style help, fast and reliable 2-day shipping in most markets, and more.

News for Nordstrom Stock (JWN)