Nordstrom (JWN) Tops Q4 EPS by 8c, Beats on Revenue; Offers Guidance

Nordstrom (NYSE: JWN) reported Q4 EPS of $0.96, $0.08 better than the analyst estimate of $0.88. Revenue for the quarter came in at $4.42 billion versus the consensus estimate of $4.37 billion.

The Company expects fiscal 2024 to be a year of continued momentum in its growth and profitability drivers, including opening new Rack stores, growing Nordstrom banner digital sales and driving comparable store sales across both banners. As such, the Company is providing the following financial outlook for fiscal 2024:

• Revenue range, including retail sales and credit card revenues, of 2.0 percent decline to 1.0 percent growth versus the 53-week fiscal 2023, which includes an approximately 135 basis point unfavorable impact from the 53rd week
• Comparable sales range of 1.0 percent decline to 2.0 percent growth versus 52 weeks in fiscal 20233
• EBIT margin of 3.5 to 4.0 percent of sales
• Income tax rate of approximately 27 percent
• EPS of $1.65 to $2.05, excluding the impact of share repurchase activity, if any

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

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