JWN Stock Recent News

JWN's second-quarter earnings results benefit from Anniversary Sale timing, which led to the shift of one week from the third quarter to the second quarter.

The department-store chain smashed expectations and slightly raised its full-year guidance.

Digital sales are climbing steadily at Nordstrom, and displaying a consistent upward trajectory. During the company's second-quarter earnings call Tuesday (Aug. 27), CEO Erik Nordstrom said digital sales increased 6.2%, accounting for 37% of total sales and the fifth consecutive quarter of improvement.

Although the revenue and EPS for Nordstrom (JWN) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Nordstrom (JWN) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.84 per share a year ago.

Dana Telsey, Telsey Advisory Group CEO, joins 'Closing Bell Overtime' to talk retail earnings including Nordstrom's Q2 beat which drove the stock up.

Nordstrom handily beat Wall Street's earnings estimates as its efforts to cut costs and boost efficienies begin to bear fruit. Despite the strong earnings beat, the company issued tepid guidance for the full year as it contends with softening demand for luxury goods.

Sales positive across both banners and digital during second quarter Reports EPS of $0.72, adjusted EPS of $0.96 1 Updates fiscal 2024 outlook SEATTLE , Aug. 27, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported second quarter net earnings of $122 million, or earnings per diluted share ("EPS") of $0.72, and earnings before interest and taxes ("EBIT") of $190 million. Excluding a charge primarily related to supply chain asset impairment, the Company reported adjusted EBIT of $244 million and adjusted EPS of $0.96.1 For the second quarter ended August 3, 2024, net sales increased 3.4 percent versus the same period in fiscal 2023, and total Company comparable sales increased 1.9 percent.

Nordstrom is scheduled to report earnings after Tuesday's close. The stock hit a record high of $83.16/share in 2015 and is currently trading near $21/share.

Nordstrom, Inc. JWN is set to release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27.