Why Nordstrom Stock Dropped Today [Yahoo! Finance]
Nordstrom, Inc. (JWN)
Last nordstrom, inc. earnings: 3/3 04:05 pm
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Source: Yahoo! Finance
Nordstrom's solid end to fiscal 2023 For its fiscal fourth quarter ended Feb. 3, 2024, Nordstrom's net sales grew 2.2% year over year to $4.293 billion, translating to adjusted ( non-GAAP ) net income of $0.96 per share. Most analysts were only modeling earnings of $0.89 per share on revenue closer to $4.38 billion. Management noted the company's active, beauty, and women's apparel segments had the strongest growth during the quarter on a year-over-year basis. Growth was particularly strong at Nordstrom Rack, the company's off-price brand, where net sales increased 14.6% year over year (or 8.8% excluding an extra week in the quarter, compared to the same year-ago period). "We're laser-focused on efforts we know will drive growth and profitability across the business over the next few years, including new Rack store openings, Nordstrom digital growth and increasing comp-store sales," added Nordstrom CEO Erik Nordstrom. What's next for Nordstrom investors? Looking ahead to fi
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JWN
News
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- Nordstrom Anniversary Sale 2024: Everything To Know About This Year's Event [Forbes]Forbes
JWN
Earnings
- 3/5/24 - Beat
JWN
Sec Filings
- 4/25/24 - Form SC
- 4/18/24 - Form 8-K
- 4/18/24 - Form SC
- JWN's page on the SEC website