Nordstrom shares soar on earnings beat, boosted by robust e-commerce sales growth [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
show chapters Nordstrom on Thursday reported earnings and sales for the second quarter that topped analysts' expectations and also raised its outlook for the full year, citing momentum in its online business and robust traffic at Nordstrom Rack. Its shares soared more than 13 percent in after-hours trading on the news. Nordstrom's earnings followed mixed results from rivals Macy's and J.C. Penney , which both saw their stocks tumble earlier in the week on investors' concerns about margin pressure and excess inventory building up. But in the case of Nordstrom, the retailer has managed to mitigate some of these pressures by keeping a slimmer real estate footprint and testing new concepts, like stores that don't sell any merchandise. Nordstrom said its strong performance during the quarter was driven primarily by higher sales volume, a lower effective tax rate and the impact of the new revenue recognition standard as it related to the timing of th
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website