Nordstrom (JWN) Misses Q3 EPS by 13c

Nordstrom (NYSE: JWN) reported Q3 EPS of $0.39, $0.13 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $3.53 billion versus the consensus estimate of $3.52 billion.

FISCAL YEAR 2021 OUTLOOK:

The Company is reaffirming the following financial expectations for fiscal 2021:

• Revenue, including retail sales and credit card revenues, is expected to grow more than 35 percent versus fiscal 2020
• EBIT margin is expected to be approximately 3.0 to 3.5 percent of sales
• Income tax rate is expected to be approximately 27 percent
• Leverage ratio is expected to be approximately 3x by year-end

For earnings history and earnings-related data on Nordstrom (JWN) click here.

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