Categories AlphaGraphs, Earnings, Retail

Nordstrom stock jumps on strong Q4 earnings

Department store chain Nordstrom (JWN) saw its shares jump over 5% during the extended trading on Thursday, after reporting better-than-expected fourth quarter earnings. The Seattle, Washington-based firm reported earnings of $1.48 per share helped by lower income tax expenses, which came in better than $1.42 per share projected by analysts.

Revenue for the quarter, meanwhile, rose 3 % to $4.48 billion, narrowly missing analysts’ estimate of $4.63 billion. Comp-store sales, one of the key metrics to watch, edged up 0.1%.

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.

nordstrom Q4 2018 earnings infographic

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.

Earnings Transcript: Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top