Nordstrom (JWN): Q4 2019 Earnings Snapshot

— Nordstrom Inc. (NYSE: JWN) reported Q4 2019 earnings of $1.23 per share, vs. $1.47 expected.

— Sales grew 1.3% to $4.4 billion, vs. $4.5 billion expected.

— EBIT totaled $299 million, or 6.7% of net sales.

— Gross margin fell 9 basis points to 35%.

— Digital sales grew 9%.

— FY2020 net sales growth is expected to be 1.5-2.5%.

— FY2020 EPS is expected to be $3.25-3.50.

— JWN shares fell 8% immediately following the announcement.

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