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Nordstrom Inc. (JWN - Free Report) just released its first quarter fiscal 2017 financial results, posting earnings of 37 cents per share and revenues of $3.3 billion. Currently, JWN is a #3 (Hold) on the Zacks Rank, and is down 2.64% to $44.99 per share in trading shortly after its earnings report was released.
Nordstrom:
Beat earnings estimates. The company posted earnings of 37 cents per share, soaring past the Zacks Consensus Estimate of 27 cents per share. Excluding one-time items, earnings came in at 43 cents per share.
Matched revenue estimates. The company saw revenues of $3.3 billion, coming in-line with our consensus estimate of $3.36 billion and increasing 2.7% year-over-year. Online sales were 24% of total net sales, thanks to 11% growth at Nordstrom.com and 19% growth at Nordstromrack.com/HauteLook.
Total comparable sales decreased 0.8%. Across U.S. full-line stores and Nordstrom.com, the top-performing merchandise categories were Men's and Women's Apparel. The West was the top-ranking U.S. geographic region.
Retail gross profit, as a percentage of net sales, of 34.3% increased 7 basis points compared with the same period in fiscal 2016. This reflected improved gross margin performance in the full-price business, partially offset by increased markdowns in the off-price business.
Nordstrom reiterated its annual outlook for earnings per diluted share of $2.75 to $3.00, net sales increase of 3 to 4%, and approximately flat comparable sales.
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, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
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Nordstrom Posts Q1 Earnings Beat, Same-Store Sales Slip 0.8%
Nordstrom Inc. (JWN - Free Report) just released its first quarter fiscal 2017 financial results, posting earnings of 37 cents per share and revenues of $3.3 billion. Currently, JWN is a #3 (Hold) on the Zacks Rank, and is down 2.64% to $44.99 per share in trading shortly after its earnings report was released.
Nordstrom:
Beat earnings estimates. The company posted earnings of 37 cents per share, soaring past the Zacks Consensus Estimate of 27 cents per share. Excluding one-time items, earnings came in at 43 cents per share.
Matched revenue estimates. The company saw revenues of $3.3 billion, coming in-line with our consensus estimate of $3.36 billion and increasing 2.7% year-over-year. Online sales were 24% of total net sales, thanks to 11% growth at Nordstrom.com and 19% growth at Nordstromrack.com/HauteLook.
Total comparable sales decreased 0.8%. Across U.S. full-line stores and Nordstrom.com, the top-performing merchandise categories were Men's and Women's Apparel. The West was the top-ranking U.S. geographic region.
Retail gross profit, as a percentage of net sales, of 34.3% increased 7 basis points compared with the same period in fiscal 2016. This reflected improved gross margin performance in the full-price business, partially offset by increased markdowns in the off-price business.
Nordstrom reiterated its annual outlook for earnings per diluted share of $2.75 to $3.00, net sales increase of 3 to 4%, and approximately flat comparable sales.
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, Faconnable boutiques, and free-standing shoe stores. Nordstrom also operates Faconnable boutiques throughout Europe. Additionally, Nordstrom serves customers through its online presence and through its direct mail catalogs.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>