Nordstrom (JWN) Tops Q4 EPS by 21c, FY22 Guidance Beats

Nordstrom (NYSE: JWN) reported Q4 EPS of $1.23, $0.21 better than the analyst estimate of $1.02. Revenue for the quarter came in at $4.38 billion versus the consensus estimate of $4.36 billion.

GUIDANCE:

Nordstrom sees FY2022 EPS of $3.15-$3.50, versus the consensus of $2.01.

FISCAL YEAR 2022 OUTLOOK

The Company has provided the following financial outlook for fiscal 2022:

• Revenue growth, including retail sales and credit card revenues, of 5 to 7 percent versus fiscal 2021
• EBIT margin of 5.6 to 6.0 percent of sales
• Income tax rate of approximately 27 percent
• Earnings per share of $3.15 to $3.50, excluding the impact of share repurchase activity, if any
• Leverage ratio of approximately 2.5 times by year-end

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

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Stifel Reiterates Buy Rating on FedEx (FDX) Ahead of Q4 Earnings
• FedEx (FDX) PT Lowered to $424 at Bernstein SocGen Group