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Nordstrom (JWN) Rallies on Q3 Earnings Beat, Revenues Up 7.2%
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Nordstrom Inc. (JWN - Free Report) just released its third quarter fiscal 2016 financial results after the bell, posting earnings of 84 cents per share and revenues of $3.5 billion. JWN is a #3 (Hold), and is up 7% to 59.94 per share in after-hours trading.
Beat earnings estimates. The company reported earnings of 84 cents per share, soaring past the Zacks Consensus Estimate of 52 cents per share. This number excludes 90 cents from non-recurring items.
Beat revenue estimates. The company saw revenues figures of $3.5 billion, topping our consensus estimate of $3.489 billion and increasing 7.2% year-over-year.
Retail gross profit, as a percentage of net sales, was 34.8%, increasing 93 basis points compared with the same period in fiscal 2015.
Across U.S. full-line stores and Nordstrom.com, the top-performing merchandise categories were Women's Apparel and Men's Apparel.
The younger, customer-focused departments in Women's Apparel outperformed again, reflecting strength in denim and collaborations with new and emerging limited distribution brands. The West was the top-performing geographic region.
"We've made considerable changes in the way we operate to improve the customer experience while increasing our productivity," said Blake Nordstrom, co-president, Nordstrom, Inc. "We are particularly proud of our team's efforts to align inventories and improve our operating efficiencies. These outcomes have positively impacted our operating results."
Here’s a graph that looks at Nordstrom’s price, consensus, and EPS surprise:
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Façonnable boutiques, and free-standing shoe stores. Nordstrom also operates Façonnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
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Nordstrom (JWN) Rallies on Q3 Earnings Beat, Revenues Up 7.2%
Nordstrom Inc. (JWN - Free Report) just released its third quarter fiscal 2016 financial results after the bell, posting earnings of 84 cents per share and revenues of $3.5 billion. JWN is a #3 (Hold), and is up 7% to 59.94 per share in after-hours trading.
Beat earnings estimates. The company reported earnings of 84 cents per share, soaring past the Zacks Consensus Estimate of 52 cents per share. This number excludes 90 cents from non-recurring items.
Beat revenue estimates. The company saw revenues figures of $3.5 billion, topping our consensus estimate of $3.489 billion and increasing 7.2% year-over-year.
Retail gross profit, as a percentage of net sales, was 34.8%, increasing 93 basis points compared with the same period in fiscal 2015.
Across U.S. full-line stores and Nordstrom.com, the top-performing merchandise categories were Women's Apparel and Men's Apparel.
The younger, customer-focused departments in Women's Apparel outperformed again, reflecting strength in denim and collaborations with new and emerging limited distribution brands. The West was the top-performing geographic region.
"We've made considerable changes in the way we operate to improve the customer experience while increasing our productivity," said Blake Nordstrom, co-president, Nordstrom, Inc. "We are particularly proud of our team's efforts to align inventories and improve our operating efficiencies. These outcomes have positively impacted our operating results."
Here’s a graph that looks at Nordstrom’s price, consensus, and EPS surprise:
NORDSTROM INC Price, Consensus and EPS Surprise
NORDSTROM INC Price, Consensus and EPS Surprise | NORDSTROM INC Quote
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with stores located in a number of states, including full-line stores, Nordstrom Racks, Façonnable boutiques, and free-standing shoe stores. Nordstrom also operates Façonnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>