Fashion retailer Nordstrom, Inc. (NYSE: JWN) has reported operating results for the fourth quarter of 2023. The company’s management revealed its financial outlook for fiscal 2024.
- Fourth-quarter net earnings increased to $134 million or $0.82 per share from $119 million or $0.74 per share in the comparable period a year earlier
- Net sales edged up to $4.29 billion in the January quarter from $4.20 billion in the fourth quarter of 2022
- Gross Merchandise Value increased 2% during the quarter compared to the same periods last year
- Digital sales, which represented 38% of total sales in the fourth quarter, decreased 1.7% year-over-year
- Gross profit, as a percentage of net sales, was 34.4% in Q4, up 125 basis points from last year
- Fourth-quarter EBIT came in at $215 million, compared to $187 million in the same period a year earlier
- The company ended the quarter with $1.4 billion in available liquidity, including $628 million in cash
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
NKE Q2 Earnings Preview: Can Nike maintain the recovery momentum?
Sneaker giant NIKE, Inc. (NYSE: NKE) entered the fiscal year facing heightened competition and shifting consumer preferences. Its upcoming second-quarter results are expected to reflect these evolving industry dynamics and
Earnings Preview: Conagra Brands’ (CAG) sales and earnings projected to decline in Q2 2026
Shares of Conagra Brands, Inc. (NYSE: CAG) rose 1% on Friday. The stock has dropped 7% in the past three months. The branded food company is slated to report its
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
