In Full-Price, comp sales rose 1.6%, primarily driven by softer traffic trends in full-line stores. Off-Price sales reflected continued momentum with comparable sales hike of 4%.
Looking ahead into the full year 2019, Nordstrom expects sales to grow in the range of 1-2%. Diluted EPS is expected between $3.65 and $3.90.
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JWN stock has declined 7.8% in the trailing 52 weeks and is almost flat since the start of this year.
Earlier this week, rival Macy’s Inc (M) reported a 45% dip in earnings for the fourth quarter hurt by a lackluster holiday season. The quarterly results exceeded analysts’ expectations but the company guided full-year 2019 earnings below the consensus estimates.