JWN focuses on growth at the Nordstrom Rack banner. Digital efforts are also underway.
JWN posts mixed fourth-quarter fiscal 2024 results. Sales at the Nordstrom Rack banner increases 1.2% year over year.
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Nordstrom's founding family is taking the retail chain private with help from a Mexican retailer. Bruce Nordstrom, whose grandfather started the department store in 1901, died last year.
Nordstrom Inc unveiled expectation-beating fourth quarter sales as news broke its chief financial officer was to jump ship to Starbucks Corp on Tuesday. Comparable sales climbed by 4.7% in the three months to February 1, the department store operator reported, outdoing analysts' expectations for a 1.3% rise.
While the top- and bottom-line numbers for Nordstrom (JWN) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Nordstrom (JWN 0.12%), a fashion retailer known for its flagship stores and Nordstrom Rack discount outlets, reported its fourth quarter 2024 earnings on March 4, 2025. The company exceeded expectations with an adjusted earnings per share (EPS) of $1.10, compared to the consensus estimate of $0.93.
Nordstrom (JWN) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.96 per share a year ago.
The company is not offering guidance for 2025 or hosting an earnings call, as it prepares to go private.
Department store operator Nordstrom on Tuesday beat Wall Street expectations for quarterly comparable sales and said its Chief Financial Officer Cathy Smith would step down.
Nordstrom, Inc. JWN will release its fourth-quarter financial results, after the closing bell, on Tuesday, March 4.
JWN's fourth-quarter performance is likely to have gained from robust holiday performance and the enhancement of digital capabilities.